Comment ONS figures: "Green shoots of recovery starting to show"
Fraser Johns, finance director at Beard, said:
“These latest figures, while positive for the future of the industry, suggest there is still a little nervousness in the market. The construction industry has already shown incredible resilience in the second half of 2020, and this 0.9% increase in output at the start of 2021 is welcome news. While we are clearly not out of the woods completely, the green shoots of recovery are beginning to show.
“It was only at the end of February that we received some clarity about the roadmap out of lockdown. Despite the construction industry remaining open throughout, some clients may have been hesitant to give the green light before they knew the timeline for a return to normal.
“The success of the vaccine rollout and the timeline now being in place should help confidence in the market grow in the coming weeks and months. As we enter spring, we expect demand to pick up quickly and bounce back as projects that have been on hold are given the go ahead.”
Published: 12 March 2021