UK industrial construction hits £500m mark
24 February 2015Figures released by Barbour ABI, provider of construction intelligence services, show that the UK industrial construction sector in January 2015 increased its total value of contracts by over 38% compared to December, with a number of major projects announced across the month.
The data shows industrial construction in January 2015 rose above the £500m barrier based on a three month rolling average, compared to £362m recorded in the January 2014.
This is an encouraging sign, says Barbour, for a sector that has already performed relatively well over the last 12 months having had a 26% increase for year on year growth in 2014.
