ONS comment: September marks a turning point for the construction industry
Fraser Johns, finance director at Beard said: “The growth recorded in September is an encouraging sign. Following a concerning trend of declining output, this will hopefully mark a turning point for the construction industry.
“Recovering from the pandemic was never going to be plain sailing the whole way. Despite the positive signs in September, looking at the quarter as a whole, Q3 marked the first quarterly fall in output since Q2 2020.
“However, it appears client confidence is gradually returning in the market, as new work increased in September. As more clients are giving the green light to projects, it appears supply chain issues and price rises for raw materials will not be an insurmountable challenge.
“By working closely with suppliers, and with clients, lead in times can be built into projects. At Beard, we are well positioned to handle the disruption caused by the supply issues due to the relationships we’ve built with suppliers. These allow us to have open and honest conversations, which ensure if we do run into supply issues, we can work with the supplier and client to overcome these.”
Published: 11 November 2021