Construction Sector Loses Patience With Brexit Indecision

The markets' patience with Brexit related indecision appears to be wearing thin, as the results of the Q2 2019 RICS Construction and Infrastructure Market Survey shows output growth accelerating, and workload and employment expectations gathering pace for the year ahead. This quarter, 16% more respondents reported an increase in construction workloads, up from a +9% net balance in Q1. Relative to other sectors, workloads in public housing grew at the fastest pace, closely followed by private housing. The rise in workloads in social housing (+26% up from +6%) suggests that the lifting of the HRA borrowing cap may have begun to influence sentiment in social housing construction. Read more on the RICS website.

https://www.rics.org/uk/news-insight/research/market-surveys/uk-construction-and-infrastructure-survey/q2-2019/