CCR Magazine

You are here  :Home arrow News arrow Please see attached a press release regarding the latest construction figures for October.
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Please see attached a press release regarding the latest construction figures for October. PDF Print E-mail
Thursday, 24 November 2016
Following the sharp falls in the construction sector after the immediate aftermath of the Brexit vote, the residential sector in October unexpectedly reached a massive £2.3 billion worth of construction contracts on the month.

According to the November edition of the Economic & Construction Market Review from industry analysts Barbour ABI, the residential sector monthly contract value increased by 34 per cent in October when compared to September. Builders Taylor Wimpey and Persimmon both also reported growth in its order books, with the latter reporting a sales rates increase of 19%.

Overall for construction, contracts were up in October reaching £5.9 billion, a 5 per cent increase on the previous month. However several sectors have not recovered from the Brexit vote slump in the same way that residential construction has - in particular infrastructure, with contract values down 42 per cent in October compared to the same time last year. Commercial & Retail, Industrial and Medical & Health have all also struggled to gain momentum since July.

Commenting on the figures, Michael Dall, lead economist at Barbour ABI, said: “The turnaround for housebuilding this month will give industry leaders, investors and the government well needed breathing room. However the majority of the other construction sectors continuing to lag after the post-Brexit vote is a cause for concern, particularly infrastructure and commercial & retail, two sectors that are usually accurate indicators of how the overall economy is performing.”

“Housebuilding now beginning to thrive is no major surprise, as the strain on housing stock and government targets have become a matter of national attention. What did actually surprised was the significantly large value of residential construction contract this month, reaching £2.3 billion, the highest monthly figure ever recorded for residential construction since Barbour ABI reporting began back in October 2010.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197