Construction markets over recent times have faced significant challenges, such as the financial recession, Brexit and the skills gap to name a few. The importance of recognising the overall changes within the industry has never been more important than the present. Understanding the latest influences can help shape your business strategy and make sure you are well placed to grasp new opportunities that may come your way.
Here at Barbour ABI we provide intelligence on all construction projects across the UK. The verified data that we collect is analysed by our economics team and used to produce our monthly Economic & Construction Market Review that dissects the seven most prominent sectors across the industry to help our customers understand the implications for their businesses.
The report is based around construction new orders within each month, broken down into the seven most prominent sectors. For example residential construction decreased in value by 5.7% in May to £1.9 billion but the number of units increased by almost 11% when compared to the same time last year. A breakdown of regions, type of projects and the month’s most successful contractors are but just a few of the vital statistics the report divulges on a monthly basis. One of our most popular aspects of the report is the monthly top ten overall largest projects which for many can be an indication of new business that is possibly just around the corner:
Many of our clients use relevant sections of our analysis in their monthly reports or use it as a regular feature at their monthly board meetings. Some also use as broader insight before embarking on more in-depth research of a certain sector or market working with AMA Research. Understanding your own market is vital and Economic & Construction Market Review gives our customers a regular insight into the industry.
One last thing, this year Barbour ABI are fortunate enough to be the lead sponsor for the Construction Marketing Awards, we look forward to seeing you all there!