Construction regions
Construction outlook: Summer 2020
The Coronavirus-inspired economic lockdown suggests the UK will endure a deep recession in 2020,of close to 12% according to our estimates. Assuming certain sectors of the economy sustain lasting damage, and consumers are generally more cautious, the outlook for GDP, while one of growth beyond mid-2020, is one of gradual recovery as opposed to swift … Read More
Construction Outlook: Winter 2020
The latest macro-economic data reveal 2019 as being another year of relatively weak GDP growth – 1.4% compared with 1.3% recorded in 2018. We expect growth to remain weak over 2020 and 2021, primarily due to sustained softness in consumption. Construction output volumes rose by an estimated 2% in 2019, which compares with near stability … Read More
Construction Regions: December 2019
Hewes & Associates’ latest regional construction forecast provides new work output forecasts (public & private housing, infrastructure, public non-housing, industrial, commercial) and repair & maintenance output forecasts (housing, public non-housing, private non-housing, infrastructure) for all 11 regions of Great Britain, covering the years 2019 – 2021. Macro-economic forecasts for each region are also included, as … Read More
Construction Outlook: October 2019
Our latest GB construction forecasts take account of the most recent ONS construction output release (October 2019) which contains historical data revisions. The new data set show output rising by just 0.1% in 2018 , while over the twelve months to June 2019 output increased by 1.5%. This reading, along with weaker orders and economic … Read More
Construction Outlook: July 2019
The latest GB construction data reveal change, with five years of growth giving way to near stability in 2018. The 0.3% of growth recorded for 2018 – a figure revised from the first estimate of 0.7% growth – was the result of decline in public non-housing and commercial building, alongside weaker growth in private housing. … Read More
Construction Regions: May 2019
Hewes & Associates’ latest regional construction forecast provides new work output forecasts (public & private housing, infrastructure, public non-housing, industrial, commercial) and repair & maintenance output forecasts (housing, public non-housing, private non-housing, infrastructure) for all 11 regions of Great Britain, covering the years 2019 – 2021. Macro-economic forecasts for each region are also included, as … Read More
Construction Outlook: April 2019
The latest data reveal GB construction output growth weakening from 7% in 2017 to 0.7% in 2018 – the weakest pace of growth since 2012. Underlying this were sharp declines in public non-housing and commercial building, alongside less robust growth in private residential. Over the next few years we expect the volume of construction output … Read More
Construction Outlook: January 2019
The latest ONS data show GB construction output growth weakening from 7% in 2017, to 1.4% by 2018 Q3. We estimate growth of 1.5% for 2018, while for 2019 we expect output to decline by around 1.5%. Output is forecast to fall again in 2020. The growth slowdown seen in 2018 relates to repair & … Read More
Construction Outlook: October 2018
The latest ONS data show the volume of GB construction output rising by around 6% in 2017. With this rise, industry output is almost 30% above that in 2012. By the end of 2018, private housing, now the largest GB construction market, will be double the volume seen in 2012. Help to Buy has underpinned … Read More
Construction Outlook: July 2018
The latest ONS data show the volume of GB construction output rising by close to 6% in 2017. With this rise industry output is 27% above that in 2012. Private housing and commercial building have been the principal growth drivers since 2012, although the outlook for these markets is one of change. Weak business confidence … Read More