Market forecast: Past the peak


The initial market reaction to the Brexit vote was muted, with output soon recovering strongly, but the trend seems likely to have turned, just as our exit from the EU is imminent. Michael Hubbard of Aecom reports

01 / Executive summary

Tender price index ▲

Tender prices increased by 1.4% over the year at Q3 2018. Inflationary pressures remain evident despite a trend to lower industry output.

Building cost index ▲

A composite measure of building input costs recorded a 4% yearly rate of change in Q3 2018. Input costs for construction labour and materials are maintaining cost pressures well above those for general economic measures.

Consumer prices index ▲

The annual rate of change eased to 2.4% in September. The yearly rate of change is the lowest for three months; it is below market expectations but still above its target of 2%.

Already registered? Login here

To continue enjoying, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Three free news, comment or feature articles per week online
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY


Subscribe to Building today and you will get unlimited access to:

      • All stories including expert analysis and comment from industry leaders
      • Our league tables, cost models and economics data
      • Our online archive of over 10,000 articles
      • Building magazine digital editions

View our subscription options and join our community