Buyers putting faith in 2019 civils boom

Grant Prior 5 months ago
Share

Construction buyers are becoming more optimistic as hopes rise of a work surge this year in major infrastructure projects.

The rise in confidence comes despite the IHS Markit/CIPS UK Construction Total Activity Index slipping to 52.8 in December from 53.4 in November.

Subdued demand hit the index in December with commercial construction a particular drag.

Work on civil engineering projects was the strongest performing area of construction activity at the end of 2018, with growth the fastest for just over one-and-a-half years.

Tim Moore, Economics Associate Director at IHS Markit, which compiles the survey said: “Civil engineering was the stand-out area of construction growth in December, with activity rising at the fastest pace since May 2017.

“Survey respondents also noted that the strengthening infrastructure pipeline is set to become a key engine of growth in 2019, despite concerns about possible delays to the delivery of major projects.

“An expected boost from transport and energy projects underpinned a rise in business optimism to
an eight-month high in December.

“Construction sector confidence was also helped by softer input cost inflation and signs of a turnaround in supply chain difficulties from the low point seen last August.

“However, levels of optimism remained subdued in relation to those recorded by the survey over much of the past six years, largely reflecting concerns that Brexit uncertainty will continue to encourage delays with decision-making, especially on commercial projects.”

Latest news

Shaylor files notice of intent to appoint administrator

Subcontractors walk off sites as Midlands contractor seeks extra finance
2 days ago

Bidders day for £900m Heathrow rail tunnel project

Planned 6.5km rail link between the Great Western Main Line and London Heathrow Airport
2 days ago

Grenfell: 75% of unsafe blocks still to be reclad

Owners of 328 high rise blocks still need to complete remediation
2 days ago

Building products firm Alumasc issues profit warning

Problems at Levolux division cast shadow over upcoming results
2 days ago

Wooden football stadium plan rejected

Council rejects Forest Green Rovers plan for Zaha Hadid designed new ground
3 days ago

Flannery Plant Hire spends £30m on Cat machines

Huge deal signed at Plantworx exhibition
2 days ago

Boost your online presence – join the Enquirer Directory

Site for suppliers and buyers showcases products, services and latest stories
1 year ago

£1bn Stratford East Bank scheme clears final planning

Cultural and education centre in Olympic Park ready to go
3 days ago

Ringway wins £420m road maintenance deal

Highways England East Region contract could last 15 years
3 days ago

Hammerson unveils new Birmingham city quarter plan

1,300 homes and 1.4m sq ft of workspace planned for Martineau Galleries site
3 days ago

Planning row sees roads blocked on Persimmon site

Council blocks construction traffic to housing site
3 days ago

Tolent lands £84.5m Durham Milburngate contract

Contractor bags one of its biggest ever deals with main construction work set to start shortly
4 days ago

Government commits to net zero carbon by 2050

Industry must quickly rise to the challenge of improving the existing building stock
4 days ago

Extra week to put forward your favourite construction firms

Construction Enquirer Awards deadline extended: Enter online now
6 days ago

Wates ramps up FM offering with new business

Wates FM will target public sector work and wider spectrum of private clients
4 days ago

Worker killed by remote-controlled crane

Lift goes fatally wrong on National Grid site
4 days ago

Lendlease to start Manchester Potato Wharf phase 2

Castlefield scheme consists of two eight storey blocks
4 days ago

Wood drafted in for Hinkley Point C technical services

New Hinkley technical support deal to improve project delivery and commercial performance
4 days ago

Post Brexit skills shortages to push up tender prices by 4%

Consultant Arcadis predicts cost inflation rise in 2022
4 days ago

Robertson shuts “umbrella” employment on housing job

Workers moved back onto PAYE following union complaints over construction charter breach
5 days ago

Truro and Woking secure £142m for housing infrastructure

Local authorities secure cash to improve roads and access to housing land
5 days ago

Kier axes plan to charge subcontractors to work with them

New chief executive drops 'pay to get paid' plan
5 days ago

Scaffolder killed in fall fitting guardrails on fragile roof

Fine and suspended jail sentence following site tragedy
5 days ago

Ardmore gets call on £85m Southwark Fire Station revamp

Contractor lands first scheme by JV of Goldman Sachs International and Urbanwise Developments
6 days ago

Amey raids Colas for highways team director

Colas Aviation and infrastructure boss will run Amey's 25-year Sheffield maintenance job
6 days ago

Crest Nicholson margins fall to 14%

House builder cuts private homes sales in shift to affordable and PRS housing
5 days ago

Gender equality in construction “will take nearly 200 years”

GMB union holds Hinkley site meeting as it reveals latest workforce analysis
5 days ago

B&K signs off £60m Preston UCLan student centre

Work to start this month on student centre and new civic square
6 days ago

165 tonnes of steel needed to fix botched Liverpool hospital

Laing O'Rourke to start structural work this month to repair former Carillion project
6 days ago

Kier pulls off contracts league double

Near £260m haul of orders secures May league pole position for group
6 days ago

Contractor services