The July edition of Barbour ABI’s Economic & Construction Market Review looks at the early impact of the EU referendum, which has sent a series of shocks through the economy.
According to the reeview, however, the construction sector saw little effect of Brexit in June, with total contract values reaching £6.2 billion, the highest monthly figure so far in 2016.
The majority of the contracts awarded in June by value were in London, accounting for 24% of the UK total. This is followed by
Scotland with 14% of contract award value.
The main reason for London’s fi gures was the award to develop the Bechtel House Hammersmith valued at £275 million. Another major
office project was also awarded in June, the first phase of the Royal Albert Dock, which was valued at £100 million and awarded
to Brookfield Multiplex. The largest project awarded by value in Scotland was the Middle Muir wind farm in Lanarkshire, valued at
You can read the full report HERE