Market Commentary
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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
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
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
Recent market surveys continue to paint an improved medium-term...
Market Commentary 1st Quarter 2021
Introduction Recent market surveys continue to paint an...
Market Commentary 4th Quarter 2020
IntroductionRecent market surveys paint an improved picture...
Market Commentary 3rd Quarter 2020
Recent market surveys paint a subdued picture with the construction sector still lacking momentum with the economic consequences of the Covid-19 which has depressed demand over the last six months looking likely to continue in the short term at least.
Market Commentary 2nd Quarter 2020
Introduction The Covid-19 pandemic and national lockdown gave...
Market Commentary 1st Quarter 2020
Low growth amid uncertainty around the nature of the UK's future trade arrangements with the EU. Trading conditions in the Construction Industry look set to remain challenging for 2020.
Market Commentary 2nd quarter 2019
Introduction The UK economy grew by only about 0.50 per cent in...
