When the political deadlock over Brexit is finally broken, the construction industry stands to benefit from a re-bound in new private business investment, particularly in new commercial and industrial building, according to a Glenigan article.
Whilst the economy has so far avoided recession, business investment fell again in the second quarter of this year – for the fifth time in the past six quarters – when it was 1.4% down on the period a year ago, according to the Office of National Statistics.
But as the uncertainty which has held back companies’ investment eventually passes, so prospects will brighten for new construction orders in the private commercial and industrial sectors.
And despite the political climate, Glenigan Construction data provides some encouraging signs that new construction projects are being given the go-ahead, particularly in the regional office building and industrial/logistics sectors.