The value of all
construction contract awards in June 2019 was £5.2 billion based on a
three-month rolling average, which is an increase of 5.5% on May.
Regional analysis
shows that the North West was the leading region for contract awards in June
with a 36.6% value share.
The latest edition
of the Economic & Construction Market Review from industry analysts Barbour
ABI highlights levels of construction contract values awarded across Great
Britain. The overall outlook for June contract awards increased by 5.5% on May
2019.
The infrastructure
sector accounted for 37.2% of total value of contract awards, due to the SPRS
Construction Programme at the Sellafield Site – valued at £1.5 billion, which
boosted the North West’s project share.
London dominated in
only two of the eight sectors for June 2019 - residential with a 26.2% share
and commercial & retail with a 23.7% share of total contract awards.
Construction activity has moved out of the capital for June, with a more even
spread of contract awards across the UK.
The East Midlands
dominated the industrial sector, largely due to investment in warehousing and
storage. The South West took the top spot for hotel, leisure & sport and
Scotland took the lion’s share of projects in the medical & health and
education sectors.
Tom Hall, Chief
Economist at Barbour ABI said, “London has dominated project awards every month
in 2019. However, for the first time this year, we see a shift in the spread of
project awards across the country.
"Likewise, for
the first time this year, we see infrastructure investment overtake the
residential sector which has been the most active sector of construction for
over 6 months.”
