By Michael Hubbard2019-08-23T10:41:00
All construction work output experienced a fillip in Q1 2019, while tender prices increased over the year at Q2 2019
Tender price index ▲
Tender prices increased by 4.1% over the year at Q2 2019. This marks the 24th consecutive quarter of tender price inflation growth.
Building cost index ▲
A composite measure of building input costs recorded a 4% yearly rate of change in Q2 2019. Rising input costs continue to impact supply chain profitability.
Consumer prices index ▲
The annual rate of change remained at 2% in June 2019. As it is at its target rate, the Bank of England is less likely to change the bank rate, unless more economic stress arrives for the UK.
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