{"id":142926,"date":"2024-08-15T10:18:20","date_gmt":"2024-08-15T09:18:20","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=142926"},"modified":"2024-08-15T10:18:20","modified_gmt":"2024-08-15T09:18:20","slug":"glenigan-reports-says-construction-growth-outpacing-2023","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/glenigan-reports-says-construction-growth-outpacing-2023\/142926\/","title":{"rendered":"Glenigan Construction Review says growth is outpacing 2023"},"content":{"rendered":"

The August edition of the Glenigan Construction Review shows that the construction industry is growing overall in comparison to 2023<\/h2>\n

Glenigan<\/a> have released their August edition of the Glenigan Construction Review, and it paints a promising picture.<\/p>\n

Starts on-site are up 8%, with major projects – projects costing over \u00a3100m – experiencing a 42% increase in value compared to the May-July period in 2023. However, compared to the 2024 February-April period, this is a decrease in 20%.<\/p>\n

The decrease on the last three month period is likely due to the expected summer and post-election slump.<\/p>\n

An all-around rise on the previous year<\/h3>\n

Main contract awards averaged a little over \u00a39m per month, again a decrease (9%) on the previous three month period, but an increase (3%) on a yearly basis.<\/p>\n

There is also a large difference with major project contract awards, seeing a 2% decrease on the previous months, but an impressive 30% increase on the same period in 2023, at \u00a33,828m per month.<\/p>\n

Perhaps the most telling difference, however, is that of major project starts, defined as projects of \u00a3100m or more in value. These averaged \u00a34,684m per month, meaning a decrease against the last three months of 20%, but an increase of 42% on the last year.<\/p>\n

The Glenigan Construction Review reveals signs of recovery<\/h3>\n

Although most figures show a decrease on the previous three months, the truly important figures are those that show an increase from 2023.<\/p>\n

The slump of the last few years is showing signs of letting up as construction projects are on the rise.<\/p>\n

The decrease on the previous months is typical of the time of year and election, and most of those surveyed said they have a positive outlook following the end of the election<\/a> and a focus on construction.<\/p>\n

Glenigan economic director, Allan Wil\u00e9n, said: “Construction activity is showing encouraging signs of recovery, with starts on site up 8% compared to last year and main contract awards reflecting a steady 3% year-on-year growth. This momentum indicates a cautiously optimistic outlook within the industry, particularly as the new government\u2019s planning reforms begin to take shape.”<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The August edition of the Glenigan Construction Review shows that the construction industry is growing overall in comparison to 2023.<\/p>\n","protected":false},"author":32,"featured_media":142936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[172844,908],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-142926","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-2024-general-election","9":"tag-economy"},"acf":[],"yoast_head":"\nGlenigan Construction Review says growth is outpacing 2023<\/title>\n<meta name=\"description\" content=\"The August edition of the Glenigan Construction Review shows that the 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