Construction Market at Slowest Growth for 22 Months
Posted on: 06/05/2015

This April, the UK construction market has experienced its slowest rate of growth in almost two years.

Research by Markit/CIPS survey of purchasing managers has shown that on account of the general election, many construction firms and clients have delayed in projects and plans due to the impact the election results may have on spending decisions.

Despite the decline in growth, respondents still reported a continued increase in job availability in the sector, but this in the face of worsening capacity pressures.

Residential buildings showed to be the strongest contributor in April to the sector, whereas commercial construction slowed dramatically and civil engineering activity decreased for the first time this year.

Tim Moore, senior economist at Markit, said that despite the slump in growth the survey offers a more optimistic outlook for the UK’s construction than the ONS statistics recently did.

He said: “The uncertain general election outcome appears to have put some grit in the wheels of decision making.

“Construction firms widely noted delays with client’s budget setting and a reduced propensity to commit to new projects.

“Despite experiencing pre-election risk aversion among clients in April, construction companies indicated a strong degree of confidence regarding the year-ahead outlook.

“Taken as a whole, the latest survey presents a far more upbeat picture than the curiously weak official construction output data [by the ONS] for the first quarter of 2015.”

“Not only does [this] survey indicate that output remained in growth territory during April, but the latest data signals ongoing strains on operating capacity.

“Highlighting this, sub-contractor pay rates, a useful bell weather of industry pressures, increased at the fastest pace since the survey began 18 years ago.”

For articles regarding the construction market click here to follow us on twitter.

If you work within the building services sector and are looking for new opportunities, take a look at our current vacancies page to see if we have any suitable vacancies.

Vacancies By Email

Get There First With Vacancies By Email

Get specific job types, tailored to your requirements, sent straight to your inbox as soon as they are available. Register Now »

Latest Building Services Jobs

Intermediate Electrical Design Engineer Permanent | London, London, England | £35,000 Per Annum

We currently have an exciting new opportunity for an Intermediate Building Services Electrical Design Engineer to join an industry leading, award winning consultancy on a permanent basis in Heathrow. This position will involve working on a variety of smal
Read More »

Senior Mechanical Engineer Contract | Cambridge, Cambridgeshire, England | £45.00 Per Hour

We have an exciting new opportunity for an experienced Senior Mechanical Engineer to join a leading multidiscipline consultancy, for an initial 6 month contract in Cambridge.
Read More »

Senior Mechanical Design Engineer Contract | South London, London, England | Negotiable

We are currently seeking a Senior Mechanical Design Engineer to join a multi-discipline consultancy for an initial 6 month contract in South London.
Read More »

BIM Manager Contract | Birmingham, West Midlands, England | £400 Per Day

New opportunity for an experienced BIM Manager to join a large construction company for a 9-12 month contract in Birmingham. You will be joining the Building Services team, working on a high-profile industrial project.
Read More »

BIM Manager Contract | London, London, England | £50.00 Per Hour

Fantastic new opportunity for a BIM Manager to join a leading contractor on an initial 6 month contract basis in London.
Read More »