Frankham’s Market Update for Autumn 2024

Frankham’s Market Update for Autumn 2024 by Robert Ray, Senior Associate Quantity Surveyor

“In August, the base rate saw a welcome reduction, followed by a small upturn in overall economic conditions. At this time last year, the UK was entering a short-lived technical recession with two quarters of negative GDP growth. However, the first two quarters of 2024 marked a return to positive growth.

Construction industry output remained sluggish in the first two quarters of the year, with total output continuing to decline. However, August’s figures are giving reason for optimism, showing a 0.4% month-on-month increase. It is hoped that recent uncertainty caused by the election should abate and October’s budget will add further mechanism to kick-start growth and boost confidence.”

Find out more > Market Update Autumn 2024