Last year’s -9.8% UK GDP print was the worst since 1921. However it had little in common with normal recessions. Instead due to 6 months of lockdowns, pent-up demand is today ‘off the charts’. So far DIY, RMI and home offices have benefited. Although, ‘we’ve seen nothing yet’ - with catchup work on delayed projects set to further boost construction. Moreover the government is committed to job creation by pumping £10bns into residential property & infrastructure (eg fibre-to-the-home, HS2, offshore wind, nuclear projects, Lower Thames Crossing, rail electrification, EVs, etc).
07 Apr 2021
Construction boom coming down the track
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Construction boom coming down the track
Last year’s -9.8% UK GDP print was the worst since 1921. However it had little in common with normal recessions. Instead due to 6 months of lockdowns, pent-up demand is today ‘off the charts’. So far DIY, RMI and home offices have benefited. Although, ‘we’ve seen nothing yet’ - with catchup work on delayed projects set to further boost construction. Moreover the government is committed to job creation by pumping £10bns into residential property & infrastructure (eg fibre-to-the-home, HS2, offshore wind, nuclear projects, Lower Thames Crossing, rail electrification, EVs, etc).