The Impact of Covid-19
Covid-19 had an immediate impact on Construction through the closure of sites and application of social distancing rules. The ongoing impact concerns both the practical implications affecting materials, labour and timing and the pipeline implications of demand for construction work.
Our Covid-19 impact report outlines the following construction sectors –
- Commercial and Retail
- Hotel, Leisure and Sport
- Medical and Healthcare
Here are some key points for you:
Commercial & Retail had already started 2020 with low output, this has only slowed due to Covid-19.
Education construction has seen a short-term reduction in output where almost all education facilities have closed or are running on a skeleton staffing.
Hotel, leisure and sport may possibly be the worst hit by the pandemic with consumer habits changing drastically within such a short space of time.
Industrial output has remained relatively buoyant however it is not immune to the effects of Covid-19 and is currently predicting a decline in output.
Infrastructure was originally predicted to grow throughout 2020 however this has now been amended to show a decrease due to the pandemic.
Healthcare is unsurprisingly the most unaffected by the pandemic and is currently the sector with the highest output.
Residential is the worst affected by the pandemic.
All the above information is taken from our Covid-19 Impact report which provides a regularly refreshed view of how all sectors of the construction market are faring under the current circumstances created by the Covid-19 pandemic.
Produced using up-to-the-minute Barbour-ABI data, each monthly instalment of the Covid-19 Impact Report enables you to monitor the unfolding situation and understand the key concerns and adjustments being made across construction.
The Covid-19 Impact Report is available to purchase direct from AMA Research (£45 each issue). Purchasers of AMA Research Construction Sector and Product reports receive the Covid-19 Impact Report and its updates free with their report. This is one of range of initiatives AMA Research have introduced to keep our customers informed and so enable planning and decision making through these uncertain times.