By Michael Hubbard2019-11-14T07:38:00
New work output saw a little expansion in Q2, but, year-on-year, new orders slipped after a minor rebound in Q1 as Brexit uncertainty continues to make itself felt
Tender prices increased by 2.8% over the year at Q3 2019. Commercial supply chain pressures moved prices higher annually, but now with less speed on a quarter-to-quarter basis.
A composite measure of building input costs recorded a 3.5% yearly rate of change in Q3 2019. Input costs are expected to continue rising but at a marginally slower rate.
The annual rate of change slipped to 1.7% in September 2019. This is below the Bank of England’s target of 2% and the lowest rate since late 2016.
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