Reasons to be cheerful
The latest Market View report hints at a more optimistic outlook for the construction sector. Highlighting factors such as improving economic conditions and a robust workload pipeline, the report indicates a more promising outlook for the industry, with Arcadis data suggesting that fewer projects are subject to delay and an increasing number are restarting following the resolution of funding and viability issues
AUTUMN MARKET VIEW:
September 2024
Arcadis has maintained its existing inflation forecasts for buildings and infrastructure projects, suggesting that as activity levels ramp up, so tender prices will rise to 3-4% for buildings and 3-7% for infrastructure next year, rising yet further from 2026 onwards. Regional activity is mixed, but revisions to future forecasts may be required for London and the South East if growth continues there at its current pace.