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.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?