Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Construction firms remain highly optimistic

Construction firms remain highly optimistic about the prospects for output growth at their units over the year ahead, according to the recent Markit/CIPS UK Construction survey.

PwC engineering and construction leader Chris Temple said the latest results continue the construction sector’s growth trend of the last 18 months, albeit at a slower rate.

Mr Temple added: “The outlook for jobs in the construction sector remains bright for candidates. There continues to be a skills shortage therefore skilled and semi-skilled labour will continue to be in high demand, putting upward pressure on firms’ wage bills.

“There is a lack of immediate starts of large infrastructure projects and any clarity that the Chancellor can bring in the Autumn Statement as to what projects will commence and when will be welcomed by construction firms.

“Firms remain optimistic about the future, which chimes with the optimism we’re seeing among our clients, many of whom expect 2015 growth in the sector to be in excess of 3%.”