Limited GDP growth, economic and interest rate uncertainties, plus a general softening of commercial activity will combine to make 2025 a year of slow growth for the UK construction industry. That’s the conclusion of an analysis from S&P Global Market Intelligence as reported in a recent issue of Construction Briefing magazine.
The industry recovery began in the third quarter of 2024 with a growth of 0.8 percent after three consecutive quarters of contraction. All things considered, the article concluded that 2025 should be a year of positive, albeit limited, growth of about 2.7 percent in contrast to a decline of 2.8 percent in 2024.
Based on mortgage approval, property transaction and new home registration data, residential building is expected to rebound moderately reversing a two-year decline. This should help balance weakness in non-residential activity including both commercial and infrastructure projects.
A recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreThe Construction Index reports that April marked the third consecutive month of construction output growth in Great Britain according to the Office for National Statistics.
Read moreAccording to a recent Construction Briefing article, the Hamburg Commercial Bank Purchasing Managers’ Index declined to 45.6 in May from April’s 46.0, with any score under 50 representing a decline in activity.
Read moreA recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreIn an article in Construction Briefing magazine, Ace Construction Equipment (ACE) executive director, Sorab Agarwal, cited India’s 6.5 percent annual GDP growth rate and expanding domestic and international markets for the company’s success.
Read moreRental attachments are an often-overlooked profit builder, and smart management is the key to a better return on your investment. A recent article in Pro Contractor Rentals magazine offered four suggestions for running a smarter rental yard.
Read moreExecutives at major North American lift manufacturers anticipate product demand to soften moderately in 2025.
Read moreThe event will allow industry experts to share insights on a range of issues, OEM trends and current and emerging technologies.
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