Outlook is sunnier for construction

Building: Following the release of the latest UK Construction PMI today, Steve Plaskitt, partner at MHA, says the sector continues to face challenges from inflation and the forthcoming ban on red diesel.

But he adds: “The outlook for the UK construction sector remains positive, with plenty of work to go around and strong demand for new projects. The supply chain bottleneck has also eased for certain products such as steel and timber and unseasonal mild weather has boosted productivity on construction sites. Crucially the end of Covid-19 restrictions is further bolstering confidence.”