If you work in the building products market in the UK, you will want to read the below report from the Construction Products Association. If for no other reason, it will instil a hop in your step for the rest of the day.
The topsy turvy world of UK construction continues on its recent trend. By trend I of course mean, will we gather momentum and reign supreme or crash and burn, leading back to the pain of 2009.
Having working solely in the building product sector for many years now it never ceases to amaze me at the often stark, polar opposites you hear coming from the market.
Of late I have largely heard that there are ripplings of change in the market. Although project work and general trade is still relatively buoyant, commercial project work is stalling. I have also heard, from two separate companies, that exporting is flying. Both views are contrary to the below article.
Despite reports of a construction industry slowdown before and after the EU referendum, sales of building products appear to have continued growing unabated. The latest Construction Products Association (CPA) state of trade survey reports continued growth in sales in the third quarter of 2016. Sales have now increased for 14 consecutive quarters. In the first survey after the EU referendum, manufacturers moved from a pessimistic stance to an optimistic one regarding near-term prospects. However, they have yet to benefit from the weak pound with any increase in exports.