Discover and read the best of Twitter Threads about #ukinfrastructure
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A long thread on the initial direct & indirect impacts of the chaos in the markets over the past week on UK house building & construction ...
#ukconstruction #construction #ukhousing #housing
#ukconstruction #construction #ukhousing #housing
It's clearly early days into the government-made chaos in the financial markets but there are some impacts for the UK construction industry that we can identify (albeit quantifying them is a much greater issue)...
#ukconstruction #construction #ukhousing #housing
#ukconstruction #construction #ukhousing #housing
Firstly, Sterling depreciations mean further rises in construction materials prices, which in July 2022 were already 24% higher than a year ago. Sterling has depreciated 12% since the end of July &...
#ukconstruction #construction #ukhousing #housing
#ukconstruction #construction #ukhousing #housing
According to the ONS, construction output fell 1.6% in July 2021. It has fallen for 4 consecutive months & is 2.5% lower than in January 2020 although note the ONS appears to have issues estimating private housing output...
#ukconstruction #construction
ons.gov.uk/businessindust…
#ukconstruction #construction
ons.gov.uk/businessindust…
Looking across the sectors, the main contributors to the 1.6% fall in total construction output in July were private housing (-7.5%) & private housing repair, maintenance & improvement (rm&i) whilst the largest rise was in industrial (warehouses)...
#ukconstruction #construction
#ukconstruction #construction
Looking at the evolution of construction output in the key sectors since Covid-19, infrastructure continues to go from strength to strength whilst industrial is rising sharply from a low base as warehouse projects are finally coming through &...
#ukconstruction #construction
#ukconstruction #construction
THREAD: Construction output in March 2021 was 5.8% higher than in rain-affected February & 6.0% higher than in March 2020 according to the ONS. Output was also higher than pre-Covid-19 & at its highest level since September 2019...
#ukconstruction
ons.gov.uk/businessindust…
#ukconstruction
ons.gov.uk/businessindust…
... On a monthly basis, construction output in March 2021 was 5.8% higher than rain-affected February with increases in almost every construction sector & the largest rises public housing (+16.7%), private housing (+9.4%) & private housing rm&i (+7.7%) whilst...
#ukconstruction
#ukconstruction
... on an annual basis, construction output in March 2021 was 6.0% higher than a year earlier although it is worth noting that construction output from 23 March 2020 was affected by the social distancing restrictions during the initial lockdown...
#ukconstruction #construction
#ukconstruction #construction
THREAD: It is broadly a 'V'-shaped recovery for the construction industry overall so far... Construction output in February 2021 was 1.6% higher than in January 2021.
#ukconstruction #construction
ons.gov.uk/businessindust…
#ukconstruction #construction
ons.gov.uk/businessindust…
Construction output in February 2021 rose by 1.6% compared with January as activity picked up after the usual Winter slowdown but growth was affected by persistent rain affecting outdoor site activity so expect significant growth in March as well.
#ukconstruction #construction
#ukconstruction #construction
Construction output in February 2021 remained 4.3% lower than one year ago (February 2020, the last month before the initial lockdown). Overall, it has broadly been a 'V'-shaped construction recovery but fortunes vary considerably by construction sector.
#ukconstruction
#ukconstruction
Total construction output in September 2020 was 2.9% higher than in August but still remained 10.0% lower than a year earlier but there were considerable differences across the different construction sectors...
#ukconstruction
ons.gov.uk/businessindust…
#ukconstruction
ons.gov.uk/businessindust…
... & on a quarterly basis, total construction output 2020 Q3 was unsurprisingly 41.7% higher than in (Lockdown 1-affected) Q2 but it remained 12.6% lower than a year earlier...
#ukconstruction
#ukconstruction
... & note that whilst output in Q3 was 12.6% lower than a year ago, ONS employment data earlier this week shows construction employment in Q3 was 'only' 7.4% lower than a year earlier but hours worked in construction in Q3 were 17.1% lower than a year earlier...
#ukconstruction
#ukconstruction
