Gleeds Q2 2017 Inflation Report: industry stable despite political uncertainty
Gleeds’ latest economic and regional inflation report assesses the uncertainty and implications of triggering Article 50 in preparation for the UK’s departure from the EU. It highlights that there is still some hesitation surrounding Brexit, and the upcoming general election, but that construction activity remains positive.
UK regions continue to report a mixed picture of construction in Q2, many still plagued by economic and political insecurity, whilst others are benefitting from increased appetite for investment. In particular, the private commercial sector is showing the strongest acceleration in growth. The weakened pound and relative cost of imported materials and equipment continues to impact on costs.