Construction work demand falls to lowest level this year
- 9th December 2015
- Business & Economy
According to new data from Big 4 firm KPMG and Markit, last month saw the lowest demand for workers in the construction industry since May of this year.
The permanent workers index for the sector fell to 54.9 in November, marking the lowest level for the past six months.
The new statistics mean that the construction industry was ranked seventh in demand across nine professions covered by the index.
However, for temporary construction staff, a drop to 49.4 from 56.4 saw the sector at the bottom of the rankings.
By comparison, temporary staff in the engineering industry saw an increase in demand from 59.8 in November 2014 to 60.3 a year later.
However, there is still a shortage of labourers across the construction supply chain.
Fast growing earnings
The report found that the construction sector also had the fastest growing average weekly earnings across any sector.
In the quarter ending September 2015, construction workers saw earnings rise by 6% year on year, contrasted with the UK economy average of 3%.
Richard Threlfall, KPMG head of infrastructure, building and construction, said: “Demand for the sector remains strong, particularly in civils and commercial, but continues to be suppressed by rising wage costs, which are causing clients to delay and re-scope schemes.”
He added, “The industry ought by now to be motoring on full throttle but it seems the road to growth is full of hairpin bends.”
After months of uncertainty and political wrangling, a Brexit deal was finally announced on Christmas Eve 2020. The deal includes…
The first step to building or expanding a business is creating a concrete business development plan. Entrepreneurs will find plenty…
Every business operates with the goal of growth, but only a few manage to beat the competition at every curve.…