2016 construction markets a year in review
15
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Transcript of 2016 construction markets a year in review
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2016 Construction Marketsa year in review
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New Year 2016Strong growth expected for construction heading into 2016.
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Quarter 1
EU Referendum announced, creating uncertainty for how construction will react.
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2016 Budget statement and Government Construction Strategy 2016-20 announced.
Quarter 1
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Quarter 2CPA construction forecasts released with downward revision for growth in construction
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Quarter 2
Markit/CIPS UK Construction PMI shows output easing to it’s weakest for almost 3 years.
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Quarter 2
EU Referendum – Britain votes leave!
BREXIT
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Quarter 3
Construction Products Association released their latest State of Trade Survey. Construction manufacturers begin to display pessimism for the year ahead.
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Quarter 3
Markit/CIPS UK Construction PMI shows the slowest pace of decline since the downturn began in June.
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Quarter 3
Construction activity begins to look up, even with uncertainty from Brexit still looming.
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Quarter 4
Government give some indications for the Brexit timetable following Conservative Party conference.
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Quarter 4Chancellors Autumn Statement announces plans to boost UK economic output. Construction forecasts expect construction activity to remain flat in 2017/18
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Quarter 4Government publish forward looking pipeline of planned projects in The National Infrastructure and Construction Pipeline. Glenigan construction forecasts show expectations for construction activity has softened for 2017.
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