Gleeds Q3 2015 Inflation Report – Growth in construction output bucks trend
Gleeds’ latest inflation report shows construction output on the up, reversing the decline of the past 2 quarters. With contractors reporting healthy order books, the outlook for construction across the UK remains positive.
The private sector has been the main driver for growth with activity in both new work, and repair and maintenance rising considerably. Moreover, infrastructure and public non-housing activity has been on the rise in most of the UK, with the road and rail expected to be the major contributors to infrastructure growth in the year to come.
However, the potential for growth has been tempered by the skill shortage and although declines in material availability are easing, delays are still being experienced.