Selective Momentum Amid Renewed Volatility
Our Q1 2026 Market Update is now available. Watch our latest film to explore this quarter’s key insights.
After a subdued 2025, the construction market was beginning to stabilise, with confidence improving and selective schemes returning. However, this progress now sits alongside renewed uncertainty in energy markets and geopolitics. Work on site remains supported by infrastructure and repair projects, while MEP remains the principal inflation risk in 2026.
In this report you'll discover:
- Macroeconomics and construction output
- Input cost trends across materials, commodities and labour
- Market trends, including sector developments and insolvencies
- The impact of global energy volatility on construction costs
- Trends across key trade packages
- Our latest Tender Price Indicator outlook
Download and read the full report.
G&T’s Market Update provides an overview of the UK construction market, including changes to key macroeconomic indicators as well as construction-specific metrics such as construction output, new orders and key material costs. Our forecasts are based on quarterly industry surveys and regular discussions with the supply chain.
If you'd be interested in a market briefing from one of our teams or want to find out more about our Market Update Q1, get in touch with your G&T expert or contact us today.
