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Construction News
05/03/2015
Industry Recovery Continues
The sale of construction products in the UK increased for the seventh successive quarter during the final three months of 2014, according to a new survey released by the Construction Products Association.
The Q4 State of Trade survey figures were detailed in a report on the Construction News website.
An increase in exports led to a boost in construction product sales, with 18% of heavy side firms revealing an increase on 2013. The reported figures were at a two-year high and a quarter of light side firm also experienced boosted exports.
Both types of firms saw growth in sales over the quarter with 87% of light side ones seeing a rise in sale. 44% of heavy side firms also saw growth in this area.
Construction Products Association economist Rebecca Larkin said: "The latest survey results reflect the fact that the recovery in construction is broadening from private housing to commercial, industrial and infrastructure.
"Growth in sales of construction products was reported by both heavy side and light side manufacturers, suggesting increased activity at all stages of the building process. Sales growth in Q4 was also supported by favourable exchange rate conditions, which helped drive external demand from outside the Eurozone.
"Furthermore, against this backdrop, more than half of heavy and light side manufacturers anticipate exports will continue to rise over the next 12 months."
(IT/JP)
The Q4 State of Trade survey figures were detailed in a report on the Construction News website.
An increase in exports led to a boost in construction product sales, with 18% of heavy side firms revealing an increase on 2013. The reported figures were at a two-year high and a quarter of light side firm also experienced boosted exports.
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Both types of firms saw growth in sales over the quarter with 87% of light side ones seeing a rise in sale. 44% of heavy side firms also saw growth in this area.
Construction Products Association economist Rebecca Larkin said: "The latest survey results reflect the fact that the recovery in construction is broadening from private housing to commercial, industrial and infrastructure.
"Growth in sales of construction products was reported by both heavy side and light side manufacturers, suggesting increased activity at all stages of the building process. Sales growth in Q4 was also supported by favourable exchange rate conditions, which helped drive external demand from outside the Eurozone.
"Furthermore, against this backdrop, more than half of heavy and light side manufacturers anticipate exports will continue to rise over the next 12 months."
(IT/JP)
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