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Optimistic Construction Figures

December showed the lowest decline in construction industry figures for four months which suggests the industry is beginning to recover.

Positive Construction Industry Figures

Although construction industry activity remains in decline, December showed the lowest decline for four months which suggests the industry is beginning to recover.

The main reason for the decline in construction industry activity, reflected in construction industry figures published throughout 2023, was the reduction in house building activity.

Construction Purchasing Mangers Index

At 46.8 in December, although still below the neutral level of 50.0, there are still positives to take from this latest recording.

The index recorded for November 2023 was 45.5 which shows that the construction industry is revealing signs of growth month on month.

House building, civil engineering and commercial construction all had a softer rate of decline than has been seen throughout the majority of 2023.

UK Construction Industry Expectations

In a recent survey from the UK construction industry 41% anticipate seeing an increase in business activity over the course of 2024 whilst only 17% expect to see a decline. The positive outlook is said to be a result of an expected fall in interest rates as we continue through 2024.

Construction Industry Leaders

Our in-depth industry knowledge and experience, plus an unwavering commitment to providing reliable and professional services, has led the Mick George Group to become the number one choice in the Construction Industry.


Mick George Construction

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