The week was buoyed by positive news about a vaccine for Covid from Pfizer, however, more tests and infrastructure are needed before they can be distributed. That said, for many it shines a light on a path out of cycles of constrained activity.
It was encouraging to see several large infrastructure schemes announced this week. As pipelines become less secure, many will no doubt be looking at longer term infrastructure work to bolster their order books, but as ever, we must look for signs of how certain these projects are, especially in light of increasing government debt.
It is concerning that with only a few weeks until Brexit, news that shipping has become more difficult, expensive and prone to delays. As the EU and the UK approach the deadline by which a deal is feasible, we should all make sure we understand where project deliveries are coming from and if there are any possible impacts.