CPA construction trade survey – Feb 2016

23/02/2016

CPA construction trade survey – Feb 2016

cpaCPA construction trade survey – Feb 2016

Order books suggest near-term growth will continue to be driven by the private housing, infrastructure and industrial sectors, but concerns over skills shortages continue to pose a risk to the industry’s ability to increase output. In Q4, half of main contractors reported difficulties recruiting onsite trades such as bricklayers, carpenters and plasterers…Looking ahead,

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industry sentiment appears positive in some areas of construction. Product manufacturers, at the beginning of the supply chain, displayed optimism over expectations of sales one quarter and one year ahead, whilst main and
specialist contractors’ order books suggest pockets of growth in private housing and industrial new build. However, main contractors expect stronger and broader growth in workloads during the later quarters of 2016. Similarly, the
balance of civil engineers reporting an increase in new work orders rose to 21% in Q4 from 13% in Q3. This underscores the view that infrastructure will also be a key driver of construction activity in the near term, initially due to
preliminary works, followed by a pipeline of main works on major projects. For SME builders and specialist contractors, however, only 6% and 3% reported an increase in enquiries in Q4, respectively…Issues surrounding the recruitment of
skilled labour continue to manifest in building costs.

SPRA members can access the full report by emailing enquiries@spra.co.uk