Ragene Raithatha, Senior Associate in the Construction & Infrastructure practice at global legal business, DWF, comments on the CIPS/IHS Markit construction PMI figures for July 2020. Ragene said:
"Today's figures show the fastest rise in construction output since October 2015 due to a rebound in house building and the easing lockdown measures and the restart of work on sites. However, the speed of recovery was insufficient to prevent additional cuts to employment numbers across the construction sector and the rate of job shedding was faster than in June.
"Looking ahead, the sector should prepare for a few difficulties as furlough schemes come to an end.
"In a post–pandemic world, there will still be a requirement for more homes, urban regeneration, improved infrastructure, improved offices, retail space and more distribution facilities. We all know from past downturns that a robust construction sector will emerge but how and when, we just do not know."