Ad
Tuesday, April 1, 2025
5.8 C
London

U.K. Edition

Construction sees bumper month as contract awards increase by 58%

- Advertisement -

In April 2021, contract awards increased by 58% compared to March to £9.1 billion. A level not seen since January 2020, says industry experts.

Sector analysis by Barbour ABI shows that residential contract awards increased again in April to £2.5 billion, up from £2.0 billion in March. Data analysts have seen a strong performance for infrastructure, with a total value of contract awards reaching £2.1 billion, the first monthly value over £2.0 billion since January 2020.

The industry experts also say the industrial sector activity has seen the second-highest monthly value on record of £1.2 billion in April, driven once again by warehousing.

Commenting on the figures, Tom Hall, Chief Economist at Barbour ABI and AMA Research said, “Building on the improvements in the planning environment we reported in March, April saw a bumper month for contract awards of £9.1bn. This is the highest value since January last year. All sectors apart from healthcare saw sizeable monthly increases to well above their long-term average values, particularly the infrastructure and commercial sectors. 

A year on from the start of the Covid-19 pandemic we have finally seen a value that starts to recover some of the lost ground. However, a fall in April’s planning approvals back to previous levels seen over the second half of 2020 may demonstrate that the uncertainty plaguing the sector has not fully cleared. We require a sustained increase over a  period of time to fill the weak construction pipeline.” 

Download the full report here: https://www.barbour-abi.com/zones/2103032-Snap-Analysis-May-Output-File-v2.pdf 

- Advertisement -

Popular this week >

NASC and SAA Unite to Boost Global Scaffolding Standards

In a landmark move for the global scaffolding industry,...

Layher Set to Showcase New Era of Scaffolding at Bauma 2025

Layher, the global scaffolding innovator, is preparing to make...

TRAD UK Hits £30,000 in Annual Fundraising Challenge

The company raised target three times as employees and...

Doka Unveils Cutting-Edge Innovations Ahead of Bauma 2025

Austrian formwork and scaffolding giant Doka is preparing to...

Service and Support: The Values Driving Commercial Success for Layher Customers

Businesses overlook good customer relationships at their peril. It...
- Advertisements -

Related Articles >

Construction Sector Tops UK Insolvency List

According to recent data from the Insolvency Service, the UK construction industry has recorded the highest number of insolvencies across all sectors in the 12 months leading up to March 2023. A total of...

Latest Topics

New Scheme Aims to Transform Apprenticeship Experience in Construction

A new initiative designed to reward and support apprentices...

Mark Parkin Joins Scaffolding Association as Strategic Director

The Scaffolding Association has appointed seasoned industry leader Mark...

TRAD UK Hits £30,000 in Annual Fundraising Challenge

The company raised target three times as employees and...

Service and Support: The Values Driving Commercial Success for Layher Customers

Businesses overlook good customer relationships at their peril. It...
- Advertisement -

Popular Categories