Construction Update: 19th June 2020
Keeping you up to date
I am the Chief Economist at Barbour ABI and AMA Research, providing analysis and economic insight for the construction industry. This is the sixth of our weekly briefings on the developments of Coronavirus and the impact on our industry.
Tom Hall, Chief Economist
COVID-19 Construction Update #13
We want to ensure that our clients have the most up to date information available to them and as such this is the twelfth in a weekly series of briefings on the impacts of the Coronavirus pandemic on the construction industry. As part of your subscription, each week we will be providing:
• A view of what's happening on the ground and what we can see from future planning
• Help and support you may find useful during this difficult time
As you can imagine the situation is changing on a daily basis. We will do our best to support you with timely and accurate information to allow you to effectively manage your business at this difficult and unprecedented time.
To access the full report please click here
Construction Industry & Project Activity
We've seen a further sizeable increase this week in projects confirmed open or restarting and a fall in delayed projects. The value of open projects has increased by £5bn. The total number is now 3,100 with a value of £101bn.
Restarted projects have increased by £5bn and total £50bn. The value of delayed projects has reduced by £6bn and now totals £25bn.
In further positive news, both new applications and decision updates have strengthened over the last fortnight, as the industry begins to bounce back from the lockdown.
Impact by sector and region
The gains in site re-openings have been mainly shared by the residential and commercial sectors.
Whilst the residential changes have been shared throughout the U.K., changes in the commercial sector have almost entirely occurred in London.
We have started to see an increase in open and restarted projects in Scotland. We expect this to increase and spread to more sectors over the coming weeks.
Our Chief Economist, Tom Hall, has recorded another video update with a summary of the findings within this week's report. Watch it below:
Our Chief Economist, Tom Hall, has recorded another video update with a summary of the findings within this week's report. Watch it here,