The UK construction market has entered Q2 in a more risk-sensitive position, with workload weakening, viability under pressure and project conversion slowing.
Forecasts highlight a challenging 6–9 month outlook, with energy and geopolitical uncertainty expected to heighten inflationary and procurement pressures across key construction inputs. However, softer demand, improved material availability and greater contractor capacity may help contain broader cost escalation, creating selective opportunities to secure better value on well-defined schemes.
In this report you'll discover:
- Macroeconomics & Construction Output
- Renewed Cost Risk: Middle East Conflict
- MEP & Specialist Package Pressure
- Input Cost, Market and Key Trades Trends
- 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 Q2, get in touch with your G&T expert or contact us today.
