PMI stats comment: "Light at the end of the tunnel" for construction industry

“Client confidence in the market is growing and this increased optimism was reflected with the surge in new orders in April. Throughout the pandemic there has been understandable hesitancy from clients as they wait to see the direction we head in, however with light appearing at the end of the tunnel, clients are now ready to hit the green button.

“Positivity in the sector resulted in the fastest rise in overall new orders since September 2014. However, a key challenge for the industry is material shortages and delays in supply. These current delays are best navigated and planned for in new projects on a collaborative basis, leading to a very positive outlook for the construction sector overall. Client confidence appears to have returned, and as we head into the summer months, sunnier skies appear ahead.”

Mike Hedges, director at Beard Construction comments following the news that the construction sector recorded the fastest rise in overall new orders since September 2014, we have comment

Published: 10 May 2021