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News Archive - November 2009Civil Engineering Schemes Stabilise the Sector THE FLOW OF construction projects starting on site in September 2009 stabilised to 4% below levels seen a year ago, according to the latest Glenigan Index. This marks the third month running that the year on year decline has been stable at 4% and is a significant improvement compared to the 21% average year on year decline seen between September 2008 and July 2009. However, the Index for September 2009 was 81 compared to the 2006 base of 100, showing that while there has been improvement in several sectors and regions, conditions in the construction industry remain challenging. Project StartsThe strengthening in public sector building and civil engineering projects has provided a particular boost to the construction industry in Scotland and Northern Ireland. The Southwest and the Northwest of England and Wales have also enjoyed a rise in project starts during the three months to September. In contrast, London has seen the sharpest falls in project starts. Civil engineering project starts were 4% higher in September 2009 compared to a year ago as the flow of utilities projects remains strong. The Glenigan Index excludes projects with a value of over £100m. Therefore the civil engineering picture is even more positive when considering large schemes such as the £6.3bn M25 widening scheme. « |
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