Featured Sector: Industrial

Underlying value of construction projects starting on site. (Excludes individual projects of more than £100 million and framework agreements).

UK manufacturers and other businesses have had to endure a number of years of being buffeted by financial crashes, reductions in lending, drops to demand from home and abroad and the chilling effect that government investment cuts have had on the UK economy.

Despite this, the industrial sector has built momentum over the past eighteen months.  As exports to the Eurozone have fluctuated, demand from non-EU countries has supported British industry. Despite the recent return to recession in the UK, business confidence has improved this year. Manufacturers are expecting growth in orders over the next few months.

Glenigan data shows that there are plenty of industrial projects being planned, and these should come though the development pipeline to support growth in project starts over the next year. We have recorded an increase in the value of planning approvals and contracts awarded over this year, and starts are anticipated to end 2012 34% up on last year.