Market Intelligence Reports

Despite ongoing economic and geopolitical uncertainty, market conditions across the construction sector remain relatively stable, with businesses continuing to report healthy levels of activity and a strong underlying
pipeline of opportunities. Long-term investment programmes and committed project portfolios continue to support demand. However, confidence remains sensitive to inflationary pressures, international trade developments and changing economic conditions, all of which are increasing scrutiny around project affordability, funding certainty and future investment decisions.

This quarter, discussions with our SCF contractors and supply chain partners indicate that while workloads remain strong, concerns regarding future cost escalation and supply chain resilience are becoming increasingly prominent. The potential impact of international tariffs and trade restrictions continues to be closely monitored, particularly in relation to steel and aluminium markets. Contractors have also highlighted ongoing challenges around the availability of certain low-carbon construction products, noting that domestic manufacturing capacity has yet to fully align with project requirements and sustainability ambitions.

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