{"id":93373,"date":"2021-05-13T14:39:31","date_gmt":"2021-05-13T13:39:31","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=93373"},"modified":"2021-05-13T14:39:31","modified_gmt":"2021-05-13T13:39:31","slug":"construction-contract-awards-8","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-contract-awards-8\/93373\/","title":{"rendered":"Construction contract awards reach \u00a39.1bn in April"},"content":{"rendered":"

In April 2021, construction contract awards increased by 58% compared to March, reaching \u00a39.1bn for the first time since January 2020<\/h2>\n

Barbour ABI<\/a>‘s latest Economic & Construction Market Review highlights levels of construction contract values awarded across Great Britain.<\/p>\n

Sector analysis shows that residential contract awards<\/a> increase again in April to \u00a32.5bn, up from \u00a32.0bn in March.<\/p>\n

A strong performance for infrastructure, with total value of contract awards reaching \u00a32.1bn, the first monthly value over \u00a32bn since January 2020<\/a>.<\/p>\n

The industrial sector activity sees the second highest monthly value on record of \u00a31.2bn in April, driven once again by warehousing.<\/p>\n

A bumper month for awards<\/h3>\n

Tom Hall, chief economist at Barbour ABI and AMA Research, said: \u201cBuilding on the improvements in the planning environment<\/a> we reported in March, April saw a bumper month for contract awards of \u00a39.1bn.<\/p>\n

\u201cThis is the highest value since January last year. All sectors apart from healthcare saw sizeable monthly increases to well above their long-term average values, particularly the infrastructure and commercial sectors.<\/p>\n

\u201cA year on from the start of the Covid-19 pandemic we have finally seen a value that starts to recover some of the lost ground.<\/p>\n

\u201cHowever, a fall in April\u2019s planning approvals back to previous levels seen over the second half of 2020 may demonstrate that the uncertainty plaguing the sector has not fully cleared. We require a sustained increase over a period of time to fill the weak construction pipeline.\u201d<\/p>\n

Read Barbour ABI’s full review here<\/a>.<\/p>\n

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

In April 2021, construction contract awards increased by 58% compared to March, reaching \u00a39.1bn for the first time since January 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