The UK construction industry experienced a rebound in May 2024, with output growing by 1.9% in volume terms, as reported by the country’s Office for National Statistics. This figure follows a revised 1.1% decline reported the previous month. In May, the UK’s construction sector witnessed a ...
Growth in Britain's construction industry cooled in January, driven by an easing in housing growth to its slowest pace in more than one and a half years, according to a survey by the Chartered Institute of Purchasing and Supply.The Birmingham Post (England)...
Following the release of data from the Office for National Statistics (ONS) showing an acceleration in construction output growth in November, Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the o...
Tim Moore, economics director at IHS Markit, said: “December data illustrated a positive end to the year for the UK construction sector, mostly fuelled by a sharp rebound in house building. “Overall output growth has slowed in comparison to the catch-up phase last summer, but now it is ...
Research and Markets has announced the addition of the "Construction in the UK - Key Trends and Opportunities to 2018" report to their offering. The UK construction industry showed signs of recovery towards the end of 2013. The industry underwent a difficult period during much of 2012, revealing...
The UK's construction industry appears to be in the early stages of a "strong recovery”, a closely watched survey has suggested. Last month the sector grew at its fastest pace in more than two years as it experienced a rebound innew housingprojects, according to the poll by S&P Global...
Major UK and US EPC companies that have long had a presence in the market include Bechtel, Fluor, Balfour & Beatty, and Laing O'Rourke. Commercial construction has been a star performer over the last couple of years; however, such above-average growth is expected to fall back to normal ...
The building industry was hammered by the financial crisis of 2007-09. The pick-up in construction comes as Britain’s housing market has been boosted by falling unemployment, low interest rates and government programmes. Growth in house-building quickened at the fastest pace since November 2003,...
construction industry; health and safety; developing countries; characteristics1. Introduction The construction industry significantly contributes to economic growth and social development of nations. In Ghana, the construction industry is the second largest contributor to Gross Domestic Product (GDP) with ...
As engineering and construction (E&C) firms plan for the upcoming year, there are four key areas that may help them capitalize on the projected industry growth and tackle any unforeseen challenges: Managing the labor mismatch: E&C firms will likely use a variety of strategies...