{"id":84239,"date":"2020-10-22T10:51:22","date_gmt":"2020-10-22T09:51:22","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=84239"},"modified":"2020-10-22T10:51:22","modified_gmt":"2020-10-22T09:51:22","slug":"construction-contract-awards-5","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-contract-awards-5\/84239\/","title":{"rendered":"Construction contract awards rise by 21.2% in September"},"content":{"rendered":"

The total value of construction contract awards in September 2020 was \u00a35.4bn based on a three-month rolling average, this is 21.2% higher than for August, according to Barbour ABI<\/a>\u2019s Economic & Construction Market Review<\/h2>\n

Contract awards in September 2020 were 13.8% higher than September 2019.<\/p>\n

The total construction contract awards were valued at \u00a313.5bn in Q3 2020. This is 47.1% higher than Q2 but is 8.4% lower than for Q3 2019. Monthly data has seen a significant uplift in September<\/a> to \u00a36.0bn which is an increase of 52.5% on the \u00a33.9bn in August<\/a>.<\/p>\n

\"\"<\/p>\n

Residential sector maintained lead status<\/h3>\n

The residential sector maintained lead status in September accounting for 32.8% of awards.<\/p>\n

Infrastructure was the second largest sector in September with an attributable share of 20.8% of awards. The commercial & retail sector was the third largest this month accruing 16.1% of the total.<\/p>\n

Regional analysis shows that London was the leading region in September with 22.6% of awards.<\/p>\n

The second-largest region was the East of England with 13.7% of awards and was followed by the West Midlands which accounted for 11.0% of awards.<\/p>\n

\"\"<\/p>\n

Tom Hall, chief economist at Barbour ABI and AMA Research said: \u201cAfter 3 months of recovering activity<\/a>, contract awards over July-September returned to pre-Covid 19 average levels.<\/p>\n

\u201cGiven the size of the shock to the construction industry<\/a> and the wider economy that is cause for celebration. However, these numbers will contain an element of catch-up from the lost activity in April-June, so underlying activity is likely to be somewhat weaker than the headline numbers.<\/p>\n

\u201cThe recovery so far has been evident more in the public and infrastructure sectors, with the commercially minded sectors remaining slightly subdued.<\/p>\n

\u201cWith significant uncertainties remaining it will be interesting to see how the situation evolves over the coming months.\u201d<\/p>\n

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

The total value of construction contract awards in September 2020 was \u00a35.4bn based on a three-month rolling average, this is 21.2% higher than for August, according to Barbour ABI\u2019s Economic & Construction Market 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