New year began with slump in project starts, says Glenigan

By Daniel Gayne2023-03-03T07:00:00

But firm says greater certainty around interest rates and investments could be ‘shot in the arm’ for industry

New project start figures for the first months of the year paint a dismal picture for the construction’s prospects in 2023.

Research by information firm Glenigan shows the value of underlying work starting on site in the three months to February was 22% lower than the preceding three months and 40% down on the same period last year.

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