HOUSE BUILDING IN A ‘DITCH’ WITH OTHER CONSTRUCTION SEGMENTS, SAYS CIPS
UK house building is among the construction segments to have fallen into a “ditch” in October, the Chartered Institute of Procurement and Supply (CIPS) has said.
The body’s monthly market index highlighted house building as among the worst-performing segments, alongside civil engineering and commercial construction.
House building contracted to a three-year low and commercial construction fell for the tenth month in a row, while civil engineering performed worst of all, it said.
The overall index hit 44.2 in October, up from 43.3 in September but still below the neutral 50 reading. Readings below 50 signal negative growth.
Companies had noted “subdued client demand due to political uncertainty”, CIPS said.
“To say these figures are disappointing is a big understatement. Given that the next political hurdle is December’s general election, all eyes will be on the new administration and clear direction, because at the moment there is little insight into what could possibly pull the sector out of its ditch,” said CIPS group director Duncan Brock.
Across the construction industry, new orders dropped for the seventh month in a row and staffing levels have declined every month since April.
Last week, Barratt Developments began redundancy consultation with staff at one of its London divisions, according to a Bloomberg report.
The UK’s second-largest house builder by market value is reportedly considering up to 20 job losses in the capital.
The monthly construction industry snapshot was supplied by IHS Markit/CIPS UK Construction Purchasing Managers’ Index.
ALL CONSTRUCTION COMPANIES CAN NOW GET FREE COVID TESTS
Construction companies of all sizes can now register to order free lateral flow Covid tests for their employees from the government. The tests detect positive cases in under 30 minutes and firms can ...
BUDGET 2021: UK'S TAX BURDEN TO 'REACH HIGHEST LEVELS SINCE 1960S'
The UK's tax burden is to rise to its highest level since the 1960s, the Office for Budget Responsibility has said, after the chancellor set out plans to repair the nation's finances. Rishi Suna ...
CITB PROPOSES TAKING LEVY BACK UP TO PRE-COVID FIGURE
The Construction Industry Training Board (CITB) has proposed hiking its levy back up to pre-covid rates from 2022 as it launches a consultation into its funding proposals. The skills body had suspende ...
SELF-EMPLOYED WORKER NUMBERS 13% DOWN ON PRE-COVID LEVEL
Numbers of self-employed workers are slowly returning to the pre-Christmas level despite worries that many eastern Europeans would not return after the break. According to the construction industry& ...
CONSTRUCTION CONTRACT AWARDS DROP BY 12% IN JANUARY
The value of construction contract awards decreased by 12% in January to £4.3bn, 10% lower than the monthly average in 2020 When compared to December, construction contract awards in Januar ...
UBER HAS LOST IN THE SUPREME COURT. HERE’S WHAT HAPPENS NEXT
Uber has lost a landmark case in the Supreme Court and must now classify drivers on its platform as workers. The ruling entitles Uber drivers to minimum wage and holiday pay, protections they were una ...