Construction builds confidence
A sharp improvement in the construction sector’s sales and profits has created a level of confidence not seen since 2013, according to illion’s latest Business Expectations Survey. The analysis found the increase in public infrastructure spending and early signs of a turn in business investment have led to ongoing strength in dwelling construction.
“Business confidence eased slightly lower in the February Business Expectations survey, although optimism for the second quarter remains strong. The latest results indicate a tightening labour market, with employment actuals up against a lack of skilled labour in some sectors. The two options to break this deadlock are declining demand or increased wages, and the latter would be preferable for business and consumer confidence.”
Simon Bligh, illion CEO