Richard Threlfall, KPMG’s UK Head of Infrastructure, Building and Construction comments on the Markit Construction PMI figures for August, released today:
“After so many years in the doldrums it is great to see further evidence of construction activity finally picking up. Sentiment across business has decisively shifted, with the positive outlook helping to drive higher construction output. It is particularly encouraging to see the improvement not only in the residential sector but in the commercial and civils sub-sectors as well.
“The only thing that is holding the industry back now is not a lack of demand, but the ability of businesses to recruit sufficient experienced staff.
“While there’s been a lot of scepticism as to how quickly the market would recover, history suggests that, once the mood changes, construction demand will rocket. Time to hold onto your hard hats.”
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