Advertise with MyTradeTV! Promote your content! Please contact us on 01924 918171

AW_Web

‘Subdued Performance’ On Site

February 3, 2015

The Glenigan Index for February, which covers the value of projects starting on site in the three months to January, is 2% down on a year ago

Although there was a significant decline of 17% in new civil engineering schemes, falling levels of social housing and public non-residential building have contributed to a subdued performance across the industry, Glenigan notes that none of the main sectors expanded by more than 1% in the latest period. It points to investor confidence and the flow of new developments remaining strong, with a 10% rise in the value of projects achieving detailed planning consent during 2014.

Glenigan also found 1,250 previously stalled projects were brought back into development during 2014, a 13% rise on a year earlier.

The industrial sector was particularly buoyant with starts rising by 46% in 2014 and has maintained this momentum into the New Year, with the latest reading showing a 48% increase relative to a year earlier. This surge has been driven by strong demand for logistics and distribution space, with clients bringing forward a number of large schemes. Glenigan tracked 21 industrial projects worth between £20 million and £100 million starting on site during 2014, including the £77 million’Thunderbird 2 distribution project in Kettering, Northamptonshire.

A 40% year on year rise in detailed planning approvals in the final quarter of 2014 suggests the sector will remain a good source of work during the coming year.

Forecasts for the education sector were also found to be positive, with the flow of school projects set to expand strongly over the coming year. However, work under the Priority School Building Programme had so far been slow to materialise, contributing to the 12% fall in education starts over the last three months. But Glenigan believed that a 21% rise in detailed planning approvals over 2014 suggested an ‘upcoming improvement in sector activity’.

Meanwhile, the commercial sectors continue to perform solidly, with office, retail and hotel and leisure starts up by 2%, 5% and 10% respectively.

“At this stage a year ago workloads were expanding at a remarkable rate, with the January 2014 Glenigan Index seeing a record 35% increase in project starts – the peak of a 17-month run of consecutive growth,” stated Allan Wilén, Economics Director, Glenigan. “However this expansion moderated downwards through the end of last year.”

 

Allan Wilén, Economics Director, Glenigan – none of the main sectors expanded by more than 1% in the latest period.

Comments

Leave A Comment

3 × five =

  • Access Control
  • Advice
  • Advice & Tips
  • Air Conditioning
  • ALEX Expo
  • Aluminium
  • Aluminium Windows
  • Appointments
  • Appointments
  • Appointments
  • Architects & Specifiers
  • Architecture
  • Associations & Regulators
  • Auto Locksmith
  • Auto Locksmith Tools
  • Auto Locksmith Tools
  • Auto Locksmith Training
  • Awards
  • Awards
  • Awards
  • Blinds
  • Blinds
  • Boilers (Service & Repair)
  • Building
  • Carousel 1 Category
  • Case Studies
  • Casement Windows
  • CCTV
  • CE Marking
  • Certification
  • Charity
  • Colour Coating
  • Colour Coating & Foiling
  • Competitions
  • Composite Doors
  • Conservatories
  • Conservatories & Orangeries
  • Conservatory Roofs
  • Construction Consumer Advice
  • Consumables
  • Consumer News Glazing
  • Cylinders
  • Decorative Glass
  • Decorative Glass
  • Demolition
  • DGCOS News
  • Diagnostics
  • Digital locks
  • Door Hardware
  • Door Hardware
  • Doors
  • Drainage
  • Editor's Corner
  • Energy Efficient Windows
  • Energy Saving
  • Events-Exhibitions & Associations
  • Exhibitions
  • Exhibitions & Associations
  • Fabricators
  • Featured
  • Fensa News
  • Fensterbau 2014
  • Fire Proof Glass
  • FIT Show 2016
  • Foiling
  • Folding/Sliding Doors
  • Furniture
  • G13 Awards
  • G14 Awards
  • Gas
  • Genaeral
  • General
  • General
  • General Locksmith Tools
  • General News
  • General News
  • General news
  • General news
  • GGF
  • GGF News
  • Glass
  • Glazing
  • glazing
  • Glazing Consumer Advice
  • GQA Qualifications
  • Green Deal
  • Guest Blogs
  • Hardware
  • Hardware
  • Hardware
  • Health & Safety
  • Health & Safety
  • Health & Safety
  • Health & Safety
  • Health & Safety
  • Heating Spares & Controls
  • Helen Duval
  • Home Improvement
  • IGU Manufacturing
  • Installers
  • Insulation
  • Interactive magazines
  • Interactive magazines
  • Interactive Magazines
  • Interactive News/Mags
  • Key Cutting
  • Key Cutting Machinery
  • Key Cutting Machines
  • Keys/Fobs & programming
  • Kitchens & Bathrooms
  • Lead Generation
  • Lock Cases
  • Lock Expo 2015
  • Lock Expo 2015
  • Lock Safes
  • Locksmith
  • Locksmith Consumer Advice
  • Locksmith Profiles
  • Locksmith Tools
  • Machinery
  • Marketing
  • Marketing – Installers
  • Marketing – Manufacturing
  • Mechanical Access
  • MLA Expo 2015
  • MLA Expo 2015
  • Mortice
  • MyTradeTV Blogs
  • Newsletter Left
  • Newsletter Right
  • Newsletters
  • NFA Awards
  • NFA Awards 2014
  • NFA Awards 2015
  • Online Ordering
  • Online ordering
  • Orangeries
  • Padlock
  • Panel
  • PHEX – Alexandra Palace
  • PIGS
  • Piping
  • Plumbing
  • Plumbing & Heating
  • Podcasts
  • Profiles
  • Pumps & Filters
  • PVCu
  • Safes
  • Safety Glass
  • Sash Windows
  • Solar
  • Solar Controlled Glass
  • Sound Reduction Glass
  • spacer/warmedge
  • Spares & Repairs
  • Spares & Repairs
  • Speciality Glass
  • Sustainable Building
  • Talking Points
  • Team Blogs
  • Testing
  • TGQ
  • The Fit Show 2014
  • Timber
  • Timber Windows
  • Tools
  • Tools
  • Tools & Power Tools
  • Tools & Power Tools
  • Tools & Power Tools
  • Toughened Glass
  • Trade Association News
  • Trade Associations
  • Trade Counters
  • Trade Info
  • Training Centres
  • Transport
  • Transport
  • Transport
  • Transport
  • Triple Glazing News
  • UAP/Tradelocks
  • UAP/Tradelocks.
  • UK Construction Week
  • Uncategorized
  • UPVC Windows
  • Van Security
  • Van Security
  • Ventilation
  • Video News
  • Videos
  • Water Treatment/Waste Management
  • Web Design
  • Web Design & SEO
  • Web Design & SEO
  • Window Hardware
  • Window Hardware
  • Windows
  • Channel Selector
    Your default channel is: Glazing
    Tune in to Other Channels:
    Glazing
    Locksmith
    Plumbing & Heating
    Kitchens & Bathrooms