UK Construction: 2024 Outlook
As the UK construction sector steps into 2024, it navigates through a landscape shaped by economic and geopolitical challenges. Despite high interest rates and inflation posing threats to project viability, there’s an undercurrent of optimism with potential stability, or even and increase, in tender opportunities. Innovations like AI are becoming pivotal in streamlining operations. The labour market shows signs of adjustment, balancing between easing shortages and the imperative of nurturing a skilled and diverse workforce amid rising wage pressures. Material costs remain a concern, with supply chain disruptions and geopolitical tensions exacerbating the situation. Gleeds’ latest report explores these issues, offering a detailed perspective on the current state and future prospects of the UK construction industry.
For a detailed analysis, visit the Gleeds website: UK Construction Market Report 1Q 2024: Navigating through the haze
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