Today’s (9th October 2020) ONS construction output data showing the increase in private repair and maintenance work by 35.6% in the three months to August has been a welcome boost for British builders but uncertainty remains for the wider construction industry, says the Federation of Master Builders (FMB).
Brian Berry, Chief Executive of the FMB, said: “A busy summer of home upgrades has been a welcome boost for the building industry but growing concerns about the strength of the economy might affect consumer confidence. The latest State of Trade data from the FMB shows that 4 in 5 builders are predicting material costs to increase in the months ahead. Given growing Brexit concerns it will be important that the Government works with the industry to ensure that supply chains aren’t disrupted. Any future delays and increase in costs would impact on the scope for the industry to ‘build, build, build’ our way to recovery.”