A decline in refurbishment, maintenance work and new housing growth rates hit output figures in July. Overall, there was no growth recorded for the month.
Private sector home building rose 1.1% on the month in July, down from 2% in June.
Stefan Friedhoff, Global Corporates Managing Director for construction at Lloyds Bank Commercial Banking, said: “The industry will take this data with a pinch of salt, particularly as other industry readings earlier in the month reported optimism among construction firms.
“As always, the reality is somewhere in between. There is undoubtedly a buoyancy in the industry rarely seen since the recession, but some factors are concerning.
“Demand is increasing but contractors are having to contend with cost inflation, labour shortages and a relentless pressure on their supply chains.”
However, new orders also published on 12th September for the second quarter were 3.8% higher than in Q1.
There were increases in infrastructure (20.8%), private commercial (9.6%), public new housing (7.3%).
If you are a contractor asking ‘How do I get more work?’ look no further than Arthur. Our web based property management software will seamlessly connect you with property experts across the UK all on the lookout for contractors to do work on their properties.
If you are a contractor, tradesman or woman that wants more work. Arthur can help you. Register today and get your first six months for free!