NEW CONSTRUCTION OUTPUT FIGURES: LEADING PROPERTY CONSULTANTS COMMENT
Commenting on the new construction output figures published by the ONS today which show a slight growth in May 2019, Clive Docwra, Managing Director of leading construction consulting and design agency McBains, said: “The construction industry will give a cautious welcome to these figures, as they show a moderate increase in output in May after two successive falls […]
Jul 12, 2019
Commenting on the new construction output figures published by the ONS today which show a slight growth in May 2019, Clive Docwra, Managing Director of leading construction consulting and design agency McBains, said:
“The construction industry will give a cautious welcome to these figures, as they show a moderate increase in output in May after two successive falls in March and April. We expected a much bleaker picture given the continuing fog surrounding Brexit and pessimistic predictions of a sluggish economy.
“Growth of 2.2% in private commercial new work and 8.4% in public new housing was also better than forecast.
“We fear this could be a temporary bounce however, as the longer term outlook is one of uncertainty with many projects on hold until the detail of the UKs EU withdrawal becomes clearer.”
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