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Thu March 22 2018

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Weekly Construction Economic Update:

The Construction Index weekly economic update will bring you up to date with recent economic events at a global, national and regional level. The summary also incorporates recently released economic data.

Updates cover:

e.g: “Market Watch” Contractors also issued interim statements this week, with Kier Group rising by 4.9% on the back of strong profits, up by 20%, albeit 6 month revenues were down by over 10%. By contrast, Morgan Sindall’s share price was more subdued, up by 0.5%, following announcements that turnover had fallen by 13% and profits by 28%. Galliford Try also reported rising profit on the back of falling turnover. Amongst House builders, Redrow reported half year revenues up by 25%, and Barrett cut its pre-tax loss to £127.4m in the second half of 2009, reporting an increased margin of 2.4%. Looking ahead to this week Taylor Wimpey and Balfour Beatty will post their full year results, which are expected to reflect a good year for the contractor and tougher market conditions for the house builder.

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