Market Update

Market Update Q4 2024
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Market Update Q4 2024

Growth Potential: Boosted by Opportunity, Constrained by Capacity

Our Q4 2024 Market Update is now available! Watch our latest film to explore this quarter's key highlights. The UK construction industry is poised for expansion, helped by a seemingly pro-construction government. However, there is a complex mix of high demand, caution and uncertainties affecting the market in the short to medium term.

Michael Urie

By Michael Urie

Market Update Q3 2024
Man and women construction worker looking at drawing

Market Update Q3 2024

Our Market Update for Q3 2024 is now available! Watch our latest film to discover this quarter's highlights. As interest rate cuts and anticipated planning reforms spark hopes for a construction revival, will inflationary pressures resurface and how will contractor capacity constraints restrict future workload growth?

Katie Coulson

By Katie Coulson

  • Market Update Q2 2024
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    Market Update Q2 2024

    Watch our latest film to discover this quarter's highlights as the UK economy recovers from a shallow recession. With lower inflation, recent mortgage rate reductions and the prospect of interest rate cuts, a more stable market is emerging, offering new opportunities.

    By Willem van Zyl

  • Market Update Q1 2024
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    Market Update Q1 2024

    Our Market Update Q1 2024 is now available! Explore our new film for the highlights from this quarter, where reassuring input cost trends and improving supply chain capacity are weighed against an uncertain growth outlook and supply chain concerns.

    By Rachel Collins

  • Market Update Q4 2023
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    Market Update Q4 2023

    Our Market Update Q4 2023 is now available! Explore our new film for the highlights from this quarter, where early signs of softer sub-contractor pricing and improving supply chain capacity are weighed against a challenging debt market for new, speculative work.

    By Andrew Browne

  • Market Update Q3 2023
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    Market Update Q3 2023

    Our Market Update Q3 2023 is out now! Check out our new film for the highlights from this quarter and discover how despite challenges, the UK economy is proving more resilient than first thought at the start of the year.

    By Kerry Gibbs

  • Market Update Q2 2023
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    Market Update Q2 2023

    Our Market Update Q2 2023 is out now! Check out our new film for the highlights from this quarter and discover how despite a challenging start to the year, positive signals for longer-term prospects remain.

    By Andrew Browne

  • Market Update Q1 2023
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    Market Update Q1 2023

    Our Market Update Q1 2023 is out now! Check out our new film for the highlights from this quarter and discover how you can identify your advantage in a stabilising market. 

    By Jonathan Eyles

  • Market Update Q4 2022
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    Market Update Q4 2022

    Our Market Update Q4 2022 is out now! Check out our new film for the highlights from this quarter where we’re advising our clients to seek advice on their future project pipelines and ask the question, what are the opportunities for 2023 as we enter a new phase of the market cycle? 

    By Jonathan Eyles

  • Market Update Q3 2022
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    Market Update Q3 2022

    G&T’s Market Update Q3/2022 provides an overview of the UK construction market. Check out our new film for the highlights from this quarter where we recommend planning ahead, secure resources early and ensure supply chain visibility. 

    By Kerry Gibbs

  • Market Update Q2 2022
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    Market Update Q2 2022

    G&T’s Market Update Q2/2022 provides an overview of the UK construction market. With renewed global supply chain and inflationary pressures impacted by the conflict in Ukraine, our latest report highlights changes to key macro-economic indicators and the latest trade package and tender price inflation forecasts based on our quarterly surveys and regular discussions with the supply chain.

    By Rachel Collins

  • Market Update Q1 2022
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    Market Update Q1 2022

    Back on track as growth returns! In our latest Market Update we’re seeing fluctuations in material prices and challenges ahead but an increase in new orders across the industry shows a positive attitude to securing future pipelines.

    By Gavin Murgatroyd

  • Market Update - November 2021
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    Market Update - November 2021

    G&T's Market Update for November 2021 provides an overview of the UK construction market. Against a backdrop of ongoing supply chain issues and rising costs, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the IHS Market/CIPS UK Purchasing Managers' Index (PMI) construction output, new orders and key material costs.

    By Michael Urie

  • Market Update - August 2021
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    Market Update - August 2021

    G&T's Market Update for August 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the UK Purchasing Managers' Index (PMI), construction output, new orders and key material costs.

    By Michael Urie

  • Market Update Q3 2021
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    Market Update Q3 2021

    This market update webinar includes the latest market views, an overview of G&T's Tender Price forecast for Q3 2021, as well as an expert panel discussion on the ongoing opportunities and constraints following the COVID-19 pandemic and current fluctuations in the market.

  • Market Update - May 2021
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    Market Update - May 2021

    G&T's Market Update for May 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period as well as construction-specific metrics such as the UK Purchasing Managers' Index (PMI), construction output, new orders and key material costs.

    By Michael Urie

  • Market Update Webinar - February 2021
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    Market Update Webinar - February 2021

    This market update webinar includes the latest market views, an overview of G&T's Tender Price forecast for Q1 2021, as well as an expert panel discussion on the likely impacts of the Brexit deal. Speakers included G&T partners James Angus, Rachel Collins, Will Galley, Kerry Gibbs, Gavin Murgatroyd, Nick Rowe and Rob Webber.

  • Market Update - February 2021
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    Market Update - February 2021

    ​G&T’s Market Update for February 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the UK Purchasing Managers’ Index (PMI), construction output, new orders and key material costs. We also outline our latest trade package and tender price inflation forecasts based on our quarterly surveys and regular discussions with the supply chain.

  • Market Update - October 2020
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    Market Update - October 2020

    G&T’s Market Update for October 2020 provides an overview of the London construction market. In light of the disruption caused by the coronavirus (COVID-19) pandemic and its impacts on the construction industry, the report highlights changes to key macro-economic indicators over the reporting period, as well as significant construction-specific metrics such as the UK Purchasing Managers’ Index, construction output, commercial and residential new orders, key material costs, trade package inflation and tender price trends and forecasts.

    By Michael Urie

  • Market Update - June 2020
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    Market Update - June 2020

    Our June Market Update includes insights from our latest contractor survey, which found that productivity levels on site in England and Wales are generally averaging around at 70-90% of pre-COVID levels.

    By Michael Urie

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