BBH is reporting that the dearth in healthcare construction projects is now ‘more than just a blip’, according to experts, with data showing the value of contracts was less across the whole of the last quarter than in a single month last year.
Taken into account are …..
….. Barbour ABI’s monthly Economic Construction Market Review and Office for National Statistics (ONS) figures.
Commenting on the report, Clive Docwra, managing director of leading construction consulting and design agency, McBains, told BBH ongoing uncertainties over Brexit were largely to blame, adding, “Longer-term trends show growth on a downward trajectory.
“For that reason, the industry will not be getting overly excited.
“The continuing Brexit soap opera, the events of which become more bizarre and unpredictable daily, means that spending decisions will continue to be put on hold until investors are more confident of the road ahead.
“Meanwhile, the weak pound means the cost of imported materials is squeezing pockets.
“All the signs point to a protracted slowdown in activity over the coming months.”
The article says that the value of new contract awards has fallen by more than 53%. quarter-on-quarter.
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