Building industry post-Brexit revival?

  • 22 Aug 2016

howardchapmanHoward Chapman, Buildingtalk Editor, reviews some of the latest statistics that point to a growing upturn in the building industry. Here are some of the headlines.

‘UK’s got the BREX Factor’

The latest CBI Industrial Trends Survey says Britain had an ‘unexpected’ exports boost.

This prompted a headline in The Sun that the ‘UK’s got the BREX Factor, after good post-Brexit news on exports, jobs and house building.

Exports: Manufacturers say orders from abroad for goods are at their highest since 2014.

Jobs: Quarter of firms intend hiring permanent staff in the next 3 months and only 3% cutting back.

Housebuilding: Persimmon said visitor numbers to its sites are up by 20% since UK Referendum

Fullscreen capture 24082016 083716Anna Leach, CBI’s Head of Economic Analysis: “It’s good to see manufacturing output growth coming in stronger than expected, and some signs the fall in sterling is helping to bolster export orders.”

Construction workforce highest since 2009

The construction workforce reached 2.3m in Q2 2016 – its highest level on recorded since the same quarter in 2009. More than 6% of the UK’s total workforce is now employed in construction

UK employment rising

There were 31.75 million people in work, 172,000 more than for January to March 2016 and 606,000 more than for a year earlier.

SME workloads rising

In Q2 2016, SME workloads continued to experience rising activity despite the uncertainty surrounding the EU referendum as more business registered higher workloads (37% vs 33%). Firms posting lower workloads fell to 13% from 21% in the three months to March 2016.

Download full FMB report

Contractor output rising

Nearly half of contractors are operating at over 90 per cent capacity and over 80% of firms operating at 75% capacity.

Output has increased by 22% which is a substantial increase compared to the 5% and 3% recorded in the previous two surveys.

Download Build UK State of Trade Survey for Q2 2016.

Builders Merchants & Building products

There is also a growing post-Brexit optimism among building product companies and most Builders Merchants shares are now rising.

Kingspan said new orders in the UK had risen by 7 percent year-on-year since the end of June, dispelling fears that it would be hit by Britain’s vote to leave the European Union.

One comment on “Building industry post-Brexit revival?

  • Daily Telegraph reports that shares in the UK housing sector are up again following rumours that residential developers will benefit from the UK government stimulus package.

    The Guardian headline was ‘UK economic indicators defy Brexit fears’ as they point to the latest data from manufacturers, Britain’s biggest housebuilder and UK supermarkets.

Leave a Reply

Latest news

DensDeck
Mitsubshi Electric

Family Day Workshop by Mitsubishi Electric

If you are an architecture or environmental enthusiast, bring your children along to a family day of fun and educational activities at the Building Centre on Saturday 22nd June – Mitsubishi Electric will deliver its award-winning programme, The Learning Curve (with a few twists), designed to teach children about energy use and energy efficiency.

Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Facility Management & Building Services, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Pipes & Fittings, Plumbing, Retrofit & Renovation, Sustainability & Energy Efficiency

Keller

Keller Kitchens excels in Kiwa assessment

Keller Kitchens has been reassessed by Kiwa, a European institute that is involved in the certification of processes, products, employees and organisations. Once again, the company passed with flying colours!

Posted in Articles, Building Associations & Institutes, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Interior Design & Construction, Interiors, Kitchens, Research & Materials Testing, Restoration & Refurbishment, Retrofit & Renovation, Sustainability & Energy Efficiency

National Ventilation

National Ventilation’s Operations Director Completes D-Day 44 Challenge

Alan Parkinson, Operations Director at National Ventilation, has completed the D-Day 44 Challenge in aid of Combat Stress, the UK’s leading charity for veterans’ mental health.

Posted in Air Conditioning, Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Charity work, Heating, Ventilation and Air Conditioning - HVAC