Richard Threlfall, KPMG’s Head of Infrastructure, Building and Construction comments on the latest Markit/CIPS construction PMI released today which rose to 59.4 in October
“Today’s positive figures provide further evidence that construction activity is finally picking up and should convert even the most hardened pessimist.
“There has been a growing sense in the last couple of months that the worst is over and today’s figures certainly confirm that.
“Construction companies now need to invest in growth. What is holding back the industry is not lack of demand, but the ability of businesses to resource for it and recruit sufficient experienced staff. The next round in this highly competitive market will be won by those who have the resources to compete. Companies need to act now, because the industry’s resurgence is already underway.”
“UK construction is back in growth, order the diggers before they sell out!”
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Katrin Boettger, KPMG Press Office
Tel: +44 (0) 207 694 8773
Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.