Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

More evidence of engineering's cold December

December was a tough month for civils firms, fresh evidence has confirmed.

Construction intelligence unit Glenigan found that the value of infrastructure starts dipped by 11% last month to its lowest level since February 2013.

This comes after yesterday’s Construction Purchasing Managers’ Index revealed that civil engineering activity as a whole fell in December 2014 for the first time since May 2013.

Glenigan’s Civil Engineering Index, which measures the value of projects starting on site over the previous three months, excluding very small and very large schemes, read 117 in December.

This was down from 132 in November, and a high of 178 in May to a level last seen 22 months earlier.

Across all sectors of construction, the Glenigan Index was down 7% from November to end the year on 99 – the same as its level in December 2013.

Glenigan economics director Allan Wilen said: “While the industry appears to have been catching its breath during the final quarter, this should be no cause for alarm. Construction starts grew by 10% in 2014, the fastest pace for seven years.

“The forward pipeline is also encouraging. In contrast to the pause in starts over the last three months, the flow of projects achieving planning approval has accelerated.”

 

 

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs