Daily Archives: 11/11/2014


Growth extends to all sectors to boost construction industry

Construction activity grew in Q3, making it the sixth consecutive rise in activity, according to the latest Construction Trade Survey.

Although private housing output slowed, this was offset by growth in all other sectors. Firms across construction, from SMEs to the largest contractors, reported increased output in the third quarter.

The survey’s key findings include:

  • Sixty percent of building contractors, on balance, reported that construction output rose in the third quarter of 2014 compared with a year ago
  • Private housing output in Q3 rose according to 35% of building contractors, on balance
  • Forty-three percent of building contractors, on balance, reported that private commercial output rose in the third quarter of 2014 compared with a year ago
  • Private industrial output in Q3 rose according to 41% of building contractors, on balance
  • Sixty-eight percent of firms reported labour costs rose and 74% of firms reported that materials costs rose in Q3 compared with the previous quarter
  • Eleven percent of building contractors, on balance, reported a fall in margins in Q3 compared with Q2
  • Forty-one percent of building contractors reported difficulties recruiting bricklayers in Q3 compared with 47% in Q2, and 39% of building contractors reported difficulties recruiting carpenters in Q3 compared with 47% in Q2
  • Construction firms also reported rises in forward-looking indicators, such as orders and enquiries. A rise in Q3 order books in private housing was reported by 15% of contractors, on balance. A further 13% and 12% of firms reported rises, on balance, in order books across private industrial and public non-housing, respectively.

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