The Vinden Partnership reacts to March’s Markit/CIPS UK Construction Purchasing Managers’ Index (PMI).
Martin Bennett, a Regional Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment – said: “It would appear that the political uncertainty around the economy is still playing a significant part in this subdued period of growth for the construction industry.
“The downturn in fortunes of the housing sector is a real cause for concern, however, not just for the government but also for all the first time buyers struggling to get on the property ladder.
“At the moment, the construction industry would appear reliant on infrastructure projects to sustain growth.
“With the EU referendum not until June, this level of cautiousness looks set to continue throughout the coming months.”