Market Commentary August 2022

Market Commentary August 2022

The ongoing impact of the pandemic and the war in Ukraine are having a significant impact on the economy with inflation (CPI) in July up to 10.1% from 9.4% in June, with further increases forecast over the rest of 2022, driven by increasing demand and corresponding supply shortages. This has led to 6 interest rate rises by the Bank of England this year, with further increases up to 2.5% by 2023 predicted.

Market Commentary 4th Quarter 2021

Market Commentary 4th Quarter 2021

Recent market surveys continue to indicate a slowdown in the rate of growth over the last quarter both in Scotland and throughout the UK economy overall, but with the construction sector expected to continue to benefit from moderate growth over the next twelve months giving rise to continuing optimism.

Market Commentary 3rd Quarter 2021

Market Commentary 3rd Quarter 2021

Recent market surveys indicate a significant slowdown in the rate of growth over the last quarter both in Scotland and throughout the UK economy, but with the construction sector expected to continue to benefit from strong growth over the next twelve months giving rise to continuing optimism.

Market Commentary 2nd Quarter 2021

Market Commentary 2nd Quarter 2021

Recent market surveys continue to paint an improved medium-term picture as market activity continues to increase, with a new normal being established following the end of all restrictions in July/August giving rise to greater optimism. However, the Scottish...
Market Commentary 1st Quarter 2021

Market Commentary 1st Quarter 2021

Introduction Recent market surveys continue to paint an improved picture when compared with late 2020, as market activity continues to increase, and with the vaccination programme now expected to be completed over the summer, giving rise to greater optimism.  However,...
Market Commentary 4th Quarter 2020

Market Commentary 4th Quarter 2020

IntroductionRecent market surveys paint an improved picture when compared with late 2020. The current lockdown appears to be having little impact on the construction sector and the vaccination programme expected to be completed over the summer giving rise to greater...
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