4.1% increase in construction contract awards for October 2019
The value of all construction contract awards in October 2019 was £4.9bn based on a three-month rolling average, which is an increase of 4.1% on September, and an increase of 28.5% when compared with October 2018.
The number of contract awards increased by 22.4% in October to 864 which is also 4.0% higher than for October 2018. Although contract awards numbers have increased in October, they remain volatile with evidence of a downward trend for overall contract awards since January 2019.
In the three-month period ending October 2019, the total value of contract awards was £14.5bn, which is 14.0% lower than the previous quarter and 14.4% lower than for the comparable quarter ending October 2018.
The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.
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