The latest issue of our update of market conditions around the UK, focusing on prospects for the coming year using our tender price index.
The UK economy's 12th consecutive quarter of economic growth saw GDP rise by 0.4 percent, a slowdown from 0.5 percent for the previous quarter. The main contributor to this reduction in growth rate was a fall in construction quarterly output of 1.9 percent. This is in contrast to the sentiment reported in the November construction market survey which showed increasing confidence - there are clearly mixed messages emerging from the industry.
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This issues hot topic focusses on looking behind the numbers. The UK construction sector has
experienced a number of different emotions over the past 18 months. Current headlines of supply shortages and skills gaps influence industry thinking, but what is the true price impact on an industry still operating below its 2008 peak?
Turner & Townsend plc issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 16:49:20 UTC
Original Document: http://www.turnerandtownsend.com/dm_linkInternal.aspx?amid=26543
