New figures have revealed the construction sector saw growth after a slump during the summer months…
Figures from industry analysts Glenigan have revealed construction activity is picking up after the General Election.
The election period heralded uncertainty for the sector. As a result, the third quarter of 2015 saw the underlying value of new schemes starting on site fall by two per cent when compared to a year earlier. Weak output during July also played a major role in the drop.
However, growth was seen during both August and September, which saw work increase to above the levels seen a year earlier. This was predominately driven by private housing, which saw a 15 per cent increase on the value of starts compared to a year earlier. Growth in commercial and industry projects also contributed.
Glenigan Economics Director Allan Wilén said: “Glenigan recorded an unprecedented freeze in university projects starting on site ahead of the election.
“However universities now appear to have renewed confidence in their funding and are pressing ahead with planned schemes.”
