Construction sector slows as commercial activity drop
August 4, 2017
July 2017 saw construction growth slow to its lowest in almost a year, Markit CIPS data shows.
Commercial construction work fell at its fastest pace since last years post EU referendum dip. House building was the strongest sector but growth has slowed.
Work volumes contracted due to economic outlook, political uncertainty and firms reluctant to commit to new projects.
This is the first slow down since September when the market began to pick up after Brexit with the knock on affecting recruitment and employment growth. With rising construction costs, a decrease in in sub-contractor usage, it comes as no surprise that there may be concerns, with hope that it is merely a blip rather than a downward trend.
Simon Nicholas Associates work with contractors throughout the UK and can advise and assist with recruitment of both permanent and a flexible workforce across all sectors of the construction industry. Click here for our services or call Simon Pearce on 0115 987 8484.