A partnership of education providers has been awarded £400,000 to address skills shortage in the construction industry.
The UK construction product manufacturing industry registered an increase in sales and activity in the first quarter (Q1) of 2017, according to a survey.
China is planning to build a new city to be nearly three times the size of New York, it has been reported.
The global construction industry risk levels have risen for the fifth consecutive quarter, according to Timetric’s Construction Intelligence Center (CIC).
The UK construction industry could fail to keep nearly 200,000 jobs if the UK loses access to the EU single market, says the Royal Institution of Chartered Surveyors (RICS).
1. Barzan Gas Development – Qatar
Infrastructure work in London is set to grow by 54% in the next three years, according to a new construction forecast.
Confidence levels among construction industry executives have risen in the last quarter of 2016, according to a new survey.
Dariana Tani, economist at Timetric’s Construction Intelligence Center, analyses the Mexico's construction industry outlook.
London is at the top of a list of ‘construction mega cities’ with total project values close to $426bn, according to a new report.
Timetric’s Construction Intelligence Center (CIC) has further revised downwards its outlook for growth in construction activity in the countries of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE).
Youssef Ouchagour, construction industry analyst at Timetric’s Construction Intelligence Center, looks at some of China’s leading contractors, and projects that they are undertaking in Africa.
Indian infrastructure giant Larsen & Toubro (L&T) has announced that its construction unit has won contracts worth INR19.26bn ($282M) across its business units.
Timetric’s Construction Intelligence Center (CIC) has sharply revised down its outlook for construction output in Poland as EU financial assistance is at a standstill. Nathan Hayes, economist at CIC, discusses the situation.
The Costain Skanska joint venture (CSJV) environmental team working on the Crossrail Bond Street station in Central London has won one of the programme’s sustainability awards.
UK-based construction and engineering company Costain highlighted the importance of preserving the environment and biodiversity in an initiative last month.
Costain’s London Bridge redevelopment project team has won a gold Green Apple Award due to its positive contribution to the built environment.
The UK construction industry will converge in Birmingham next month, as the UK Construction Week event combines nine shows at the NEC venue from 18–20 October.
Ian Anfield, managing director for leading construction audit, contract and payroll provider Hudson Contract, comments on recent talk of a UK recession in light of the Brexit vote.Whether we’re entering a recession or not is a big talking point at the moment. Certainly, we at Hudson Contract have seen that the number of operatives averaged per client has dipped by 4.5% in the last three months, but it’s unclear if that means an output dip or the beginning of a long downturn. There are so many factors to be considered but I have an impression that any downturn may be relatively short-lived. I read a piece written by HSBC’s chief economist who commented that the government has done a number of credible things since the vote. These included ensuring new leadership headed by Theresa May, ruling out an early General Election, and ruling out an emergency budget. Taking time to speak with European leaders and not triggering Article 50 this year all seems to make economic common sense. It’s certainly not all doom and gloom. The latest reports from the Purchasing Managers’ Index reveals that construction output also recovered last month following a seven-year low in July. It appears that business confidence is stabilising and the feared short-term effects of the referendum have been short-lived to a certain extent. Overall I’m definitely one for seeing the glass being half-full for the construction industry. Private business can and will build if the government act in a decisive and positive way to minimise the uncertainty the Brexit vote created. We’ve all seen how Team GB performed recently — it’s time the whole country took on the ‘Believe’ mantra.
The European and Indian construction machinery markets have shown growth this year, while other regions have seen a slow-down, according to Germany’s engineering association the VDMA.Latest research from the Construction Equipment and Building Material Machinery arm of the VDMA suggests that the machinery sector has grown in regions including France, Germany and India. The Middle East and North America, on the other hand, have registered drops in machinery sales, in addition to the weak markets of Latin America, Africa and parts of Asia. After five years of recession, China still hasn’t recovered from a loss of an accumulated 80% of its volume, says the report.The research also anticipates a drop in the global construction machinery sales due to regional developments, even though German manufacturers are set to register a slight turnover increase of 3%.Johann Sailer, VDMA chairman, said: “This is primarily due to the strong European market.”However, growth might not be equal for all manufacturers, added Sailer: “Depending on where a company’s focuses lie individual results could still be on the negative side.”Building material machinery updateThe report from the VDMA also examines the building material plant and machinery business.The sector is subject to less instability than the construction machinery sector. Nevertheless, manufacturers depend on long-term stable growth markets and these are deficient at the moment — due to the Russian market breakdown. Only Central Europe, India and North America are rated as satisfactory.Overcapacities also present a challenge for manufacturers. When it comes to this, the sector automatically thinks about China, says the association.“We don’t expect suppliers from China to flood the market with their equipment but the trend is clear – when domestic markets are weak companies shift to export markets,” said Sailer.In addition, political and economic uncertainties are present in many sectors. “We don’t want to just keep talking about crises and many current issues do not even have a direct impact on the construction sector. But obviously, news of this kind always affect the investment climate among our customers,” said Sailer.Overall, the VDMA concluded that “the construction equipment and building material machinery industry is indeed a growth sector”.