ONS comment: Figures show construction moving in the right direction
Following the latest ONS figures that found construction output increased by 3.5% in November (the largest monthly increase since March 2021), Fraser Johns, finance director at Beard said: “The growth in output in November is certainly encouraging that the construction sector is moving in the right direction. A major positive is that in the three months prior to November, output in the sector increased and a stable sustained period of growth is key for the industry.
“As ever, client confidence plays an important role, and demand for new work was the driving force as construction recorded a positive month.
“To ensure this confidence doesn’t dip, collaborating with suppliers and clients is essential. To build these crucial relationships, Beard has implemented weekly discussions with key partners in the supply chain. These sessions allow open two-way dialogue, so if there are any issues on the horizon, a solution can be found.
“Close collaboration with suppliers has been, and will continue to be absolutely critical in the coming months. When there are inevitably delays for some materials, by working together creative solutions can be found that ensures projects are kept on track.”