In the latest edition of the Economic & Construction Market Review, industry analysts Barbour ABI revealed that total construction contract awards were valued at £15.3bn in the three-month period ending July 2019, an increase of 14% on the previous quarter.
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Other highlights from the research included:
- contract awards in July totalled 1,011, an increase of 38.5% on June and a 3.7% rise compared with July 2018
- London was the leading region for contract awards in July with a 32.1% value share
- the residential sector accounted for the largest share of contract awards in July (39.9%), followed by commercial and retail (16%) and the industrial sector (13.6%)
Tom Hall, chief economist at Barbour ABI, said: “The planning pipeline continues to defy recent negative economic news.
“Over the next three months, we will be rolling steadily towards the Brexit deadline, which may impact figures as uncertainty once again sets in.”