Latest News Wed, Jan 5, 2022 9:22 AM
The total value of construction contract awards in November 2020 was £4.9 billion based on a three-month rolling average, according to Barbour ABI.
This is a marginal (0.2%) increase on October but is 9.1% lower than for November 2019.
Contract award numbers decreased by 17.9% this month to 715 compared with 871 in October. Annual comparisons show a 16.4% decrease compared to 855 contract awards for November 2019.
The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.
In November, London was the leading region with 16.8% of awards and a total of 77 projects. The North West was only slightly behind accounting for a share of 16.3% of awards and a total of 98 projects.
The third largest region this month was the South East with 13.9% of awards.
Analysis by sector indicates that residential maintained lead status in November accounting for 38.9% of awards. With 19.1% of awards, infrastructure was the second largest sector this month whilst in third place commercial & retail held share of 16.3%.
Tom Hall, Chief Economist at Barbour ABI and AMA Research said: “The in-month value of contract awards in November was £3.9bn. This is less than the historical average and is consistent with our previous assessments that, since the first UK-wide lockdown, the construction industry has returned but at lower levels than previously.
“The rollout of the Covid-19 vaccine has raised everyone’s hopes of a return to normality at some point in 2021. But in the meantime we will have to manage many downside risks: a thin Brexit deal at the very best, higher unemployment and continuing movement restrictions over winter and spring.”
Featured News
Metal pipe boxing from the Pendock Profiles range has been installed in the communal...
The Construction Industry Training Board (CITB) and TrustMark have published a joint...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
Novantica - Cement F...
By Fassa Bortolo
Fassatherm System -...
By Fassa Bortolo
Fassarend System - P...
By Fassa Bortolo
Fassalime System - P...
By Fassa Bortolo
Sport England’s Perf...
By Passivent
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...
The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...
Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...
CONSTRUCTION VIDEOS - LATEST VIDEOS
“Building with stone wool insulated sandwich panels” written by Professor Imperadori, is now...
Portakabin | Installation at the iconic Admiralty Arch, London