Construction industry predictions for 2023

City buildings with a man calculating graphs with laptop

Construction industry forecasts for 2023 Tom Hall, Chief Economist at Barbour ABI predicts slower later stage planning and construction activity, particularly in the commercially sensitive sectors as the economy slows. Likewise, Glenigan’s construction industry predictions for 2023 show that project starts will fall by 2%. Read on for the 2023 construction industry predictions from data […]

Industry Insights – January

Elland Steel logo in the middle of grinding sparks on a steel tube

New Records in 2022 The construction industry has proved it’s resilience over the last 12 months. Although sector activity was mixed, the industry overcame challenges and saw a record amount of contract awards and planning approvals.   2022 saw record levels – Barbour ABI’s view According to the Barbour ABI January Snap Analysis,  the high […]

Our 2022 review and what’s in store for us in 2023

Business meeting discussing results

Reflecting on the year’s wins, challenges and recovery 2022 was a challenging year with industry-wide challenges that have tested the sector’s resilience. While Russia’s unprovoked invasion of Ukraine caused price rises and material shortages, contractors and clients have persevered, delivering projects to reinvigorate the economy. In spite of the challenges, 2022 was a year of […]

Industry insights for October and Q3 review

Elland Steel logo in the middle of grinding sparks on a steel tube

The latest analysis from industry commentators shows both peaks and troughs in activity. In this month’s industry insights, we review the planning applications, approvals, contract awards and project-starts. According to the latest construction industry data and economists, there were more contract awards than expected in Q3. The data also shows that despite recent economic turmoil, […]

Improving buildability through early design collaboration

Collaborating to improve buildability Constructability issues can arise from a design, which did not sufficiently embody the knowledge and expertise of the construction phase. Whereas, at the opposite end of the scale, close collaboration has the potential to lead to more efficient construction processes. Improving buildability through early design collaboration optimises construction projects. Close collaboration ensures […]

Rising construction costs suppress project-starts

Sparks from Steel

The August Glenigan index highlights a downward trend across most sector verticals. Similar to the July Glenigan index, the construction industry recovery continues to be held back by several factors. This includes the Russia-Ukraine war and global materials shortages, which are contributing towards rising construction costs. The weaker economic outlook has continued to negatively affect […]