Stakeholder - The Vinden Partnership


Reaction to Markit/CIPS UK construction PMI for January

Reaction to Markit:CIPS UK construction PMI for January

The Vinden Partnership says strong pipeline of work puts the construction industry in a good position to overcome instability.

There was a slight downturn in growth for the construction industry in January according to the latest Markit/CIPS UK Construction PMI figures.

However, confidence for the year ahead was its highest for over a year with 51% of respondents forecasting a rise in activity over the next 12 months, with only 7% expecting to see a reduction.

The construction PMI reading for January was 52.2, down on December’s figure of 54.2 but still above the growth threshold of 50.0.

This was the slowest growth rate since the construction industry began its post-EU referendum recovery in September.

Housing, commercial and civil engineering all saw a slowdown in growth with housebuilding still the strongest performing sector.

The weaker pound continued the trend of increased costs for imported materials, meaning cost burdens rose at their quickest rate for nearly eight-and-a half years.

Martin Bennett, a Regional Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment said: “The construction industry’s performance since September has seen confidence within the sector grow.

“The falling price of the pound is a concern and has the potential to have some negative effects in terms of volume purchasing and job lead time. The hope must be that these input costs can be absorbed until stability can be restored.

“The Brexit storm has been weathered so far and there is no doubt likely to be bumps in the road to the EU exit but the construction industry is in a decent position with a strong pipeline of infrastructure and housing projects.”

Contact Us

The Vinden Partnership

Regent House

Folds Point

Folds Road

Bolton

Lancashire

BL1 2RZ

Bolton – Telephone: 01204 362888

Nottingham - Telephone: 0115 947 5334

London – Telephone: 0845 504 9733

www.vinden.co.uk

 twitterfacebooklinkedin

Company eBook

Testimonials


Thank you to TVP for all your help on this incredibly successful project. We are very grateful for the leading role you have played as Quantity Surveyors and Employer’s Agent in making it come together without any major issues or disputes, which is quite a feat in the building industry.”



Oliver Jackson, Director of Strategy, Roberts Jackson Solicitors
  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680
    enquiries@promarkmedia.co.uk