In March 2021, contract awards increased by 22% compared to February to £5.8bn. The main change in activity was a very large increase in the hotel and leisure sector.
The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.
Sector analysis shows that Residential contract awards remained stable in March at historical average levels, after picking up in February. Activity was £2.0bn in the month, compared to £1.9bn in February and £1.6bn in January. Over 2020, residential contract awards averaged £1.7bn.
The hotel and leisure sector contract awards value reached £1.0bn in March as the planning approvals activity Barbour ABI reported in December and January converted to contract awards.