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Despite growing economic scepticism residential construction remains strong

Construction - Market review for April has revealed a strong construction industry - SantanderCB

Barbour ABI's Economic & Construction Market Review for April has revealed a strong construction industry during the month, with £6.1bn worth of contracts awarded.

The total was led by a 26% jump in contract value from the residential sector to £2.1bn, up from £1.4bn in January. Some 67% of the value came from private housing.

The contract value for the infrastructure sector was also a major winner growing by 35% compared to April 2015.

A strong pipeline of renewable energy projects including two major wind farms played a large role in boosting the figures, as well as a £500m decommissioning project at the Sellafield nuclear plant.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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