Kate Kirby, partner in the Construction & Infrastructure practice at global legal business, DWF, comments on the CIPS/IHS Markit construction PMI figures for November 2020, released today.
Kate said: "November's figures show a continued trend of growth in the construction sector, despite the most recent lockdown conditions taking hold in their various forms across the UK during the month. While growth has slowed down in the later part of the year, there is still demand to get new projects off the ground. Similarly, the upturn in the housing market, spurred on in part by the stamp duty holiday, is also adding to a positive outlook.
"Coronavirus has hit all parts of the economy hard and unfortunately, employee numbers have dropped once again despite construction continuing during the latest lockdown measures. However, with the news that a vaccine is to be rolled out imminently, coupled with more testing facilities around the country and in airports, it is hoped 2021 will provide greater job security for those working in the construction sector and beyond."