UK market intelligence Q4 2018

Paul Connolly

Managing Director

UK

The construction industry is a bellwether for the wider economy and its strong performance in the third quarter of 2018 set the tone for UK plc as a whole.

Both delivered solid, rather than stellar, growth in Q3 2018. GDP notched up by 0.6 percent on the previous three months, the fastest rate of quarterly growth for nearly two years.

While GDP growth was buoyed by a surge of consumer spending linked to the World Cup in July, this proved a quarter of two halves. Output and consumer confidence both cooled in August and September. And the Brexit backdrop continued to chip away at business investment, which has now contracted for three quarters in a row.

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