Lockdown dents construction sector performance
Ragene Raithatha, Director in the Construction & Infrastructure team at DWF, comments on the IHS Markit / CIPS UK Construction PMI for January 2021. She said: "The first month of 2021 indicated a marginal decline in UK construction output, as a result of third national lockdown and concerns about the short-term economic outlook. "Nonetheless, the […]
Feb 5, 2021
Ragene Raithatha, Director in the Construction & Infrastructure team at DWF, comments on the IHS Markit / CIPS UK Construction PMI for January 2021. She said:
"The first month of 2021 indicated a marginal decline in UK construction output, as a result of third national lockdown and concerns about the short-term economic outlook.
"Nonetheless, the construction industry has been able to keep building through the various lockdowns, and the resilience of the sector is a rare positive in comparison to other sectors.
"Positively, employee numbers have also risen slightly in December, after a sustained drop in numbers.
"With various Coronavirus vaccines now being rolled out, there is a real hope among the industry that whilst we may have begun 2021 in a national lockdown, we are optimistic it can become a year of recovery, as the workforce get back out to work in greater numbers."
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