Britain’s construction industry eased back during March
as housebuilding dropped off. However, the sector was boosted by an increase in commercial and civil engineering activity.
South West Business reported that Tim Moore, senior economist at HIS Markit, was concerned about the construction industry falling victim to a general cooling down of the UK housing market.
However, he said that “Civil engineering projects were the construction sector’s main growth engine in March, driven by rising infrastructure spending and a strong pipeline of new work throughout the UK.”
He went on to say that “March data showed a slight rebound in commercial construction activity.” Construction firms seem to be more confident about the future as anxiety about Brexit subsides and the economic data continues to be robust.
Half of the companies surveyed predicted an increase in business over the coming twelve months with less than 10% fearing a decline.