Construction Industry Shows Signs of Recovery

19 October 2009 (Last Updated October 19th, 2009 18:30)

The number of building projects put on hold every month in the UK has decreased significantly since hitting a peak in June, according to a new study. Indicating slow recovery from recession, the study shows the number of projects in the UK on hold, worth less than £100m, reduced to 676

The number of building projects put on hold every month in the UK has decreased significantly since hitting a peak in June, according to a new study.

Indicating slow recovery from recession, the study shows the number of projects in the UK on hold, worth less than £100m, reduced to 676 in September from 756 in June.

The survey, conducted by industry tracker Glenigan, has also shown that the number of projects scrapped fell by nearly 8% during September compared to June or July this year.

The value of work frozen also came down by a fifth over the same period, the data shows.

Construction projects starting on site remained steady in September, representing a 4% fall, year on year.