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DWF comments on August CIPS / IHS Markit Construction PMI

04 September 2020
Kate Kirby , Partner in the Construction & Infrastructure practice at global legal business, DWF, comments on the CIPS/IHS Markit construction PMI figures for August 2020. Kate said:
"Today's figures  pointed to a setback for the recovery in UK construction output, with growth easing from the near five-year high seen during July. However, housebuilding has registered the strongest rebound since the stoppages of work on site in late-March due to COVID-19. One of the biggest issues facing the sector, which has largely remained active during the pandemic, is the shortage of access to materials and appropriate subcontractors.

"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."

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