September 2012
Featured in this insight: Construction, Financial services
Construction sector survey finds Birmingham outperforming rest of UK: The Drivers Jonas Deloitte 2012 Crane Survey, which measures and forecasts construction output for the UK's five major cities, has seen Birmingham named as the "best performing city".
The study takes place every year and collects data from July to August in the cities of Birmingham, Edinburgh, Glasgow, Leeds and Manchester. It monitors development activity across the office, retail, residential, education, student housing, hotel and leisure sectors.
Birmingham has accounted for a majority at 56% of all new construction output according to the market research. Manufacturers here are currently outperforming the rest of the UK on both exports and domestic sales.
In addition, it is the only city in the UK showing an increase in new construction projects – these currently stand at 14 compared with 8 starts in 2011, representing a 75% increase on the previous year.
Overall however, there has been a 36% decrease of construction activity across the nation compared to last year.
Activity in Leeds fell by 29% and dropped by 45% in Manchester, while in Edinburgh and Glasgow no new construction starts were recorded better projects have been successfully completed in the two cities combined.
Philippa Pickavance, Head of Agency at Drivers Jonas Deloitte, commented: "Where other cities across the UK are seeing no new development in many sectors, with the exception of the thriving student housing sectors, Birmingham continues to move forwards with development across all sectors, albeit with the previously active residential and office sectors more muted."
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