Strong output figures indicating growth across housing, infrastructure, commercial and retail, industrial and education construction markets have been welcomed by the industry’s leading event Ecobuild – with the theme of its 2016 show set to be closely aligned with these high-growth sectors.
Following the Office of National Statistics announcement of an industry-wide increase in output from May 2014 to May 2015 of 1.3 percent led by housebuilding, the July Economic & Construction Market Review (EMR) from Barbour ABI highlights improved performance in four key markets beyond the residential sector. Supported by the new Government’s confirmation of national policies, these increases in output within infrastructure, commercial and retail, industrial and education represent an important boost for construction which will be mirrored across Ecobuild 2016’s new conference and exhibition formats.
Major infrastructure contract awards in the three months to June saw the year on year total value of contracts in the sector hit £5.1 billion. An impressive 53.3 percent higher than the same period in 2014, this growth in infrastructure was driven by major road and renewable energy schemes getting the green light.
The commercial and retail sector saw a doubling in contract values on the previous month to £1.2 billion, based on a three-month average, driven by major projects and clients seeking to expand commercial space as the UK-wide economic recovery continues. Activity also increased in the industrial sector, with contracts recording a three-month average of £745 million, a 53.4 percent increase on May, and 119.2 percent up on June 2014. Heavy industrial projects made up the vast majority of contracts in June, followed by warehouses.
Michael Dall, Barbour ABI’s Lead Economist commented on the EMR report:
“Following a slowdown pre-Election, these are encouraging results, particularly with the broadening of growth across the industry beyond housing. The greater certainty in the industry has led to some key larger construction projects being given the go-ahead, driving increases in contract values across sectors.”
Martin Hurn, Ecobuild Event Director commented:
“This report from Barbour ABI shows that there is durable long-term growth across the industry with several key sectors seeing very strong performance year on year in June. As the industry’s leading conference and exhibition, Ecobuild 2016 is the perfect platform to report and reflect on this ongoing success on numerous levels.”
“The look and feel of the 2016 Ecobuild conference programme is changing, very much in line with these growth areas. Day one will focus on homes, day two will look at architecture and day three will be about next generation. This format enables us to discuss and debate what’s most important to the industry, creating an event that is in line with market priorities.”
Ecobuild 2016 will support this growth across construction, featuring a range of conference streams and features which will provide an engaging experience for visitors closely tailored to their fast-changing industry. Taking place from 8th to 10th March 2016 at London’s ExCeL, Ecobuild is not only the industry’s meeting place but a key platform for debate. Whether an architect, engineering consultant, contractor, student of sustainability, or facilities management professional, the event is a must-attend date in the construction calendar.