Election 2015: Poll nerves send builders to lowest ebb in two years

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The Markit/Chartered Institute of Procurement & Supply snapshot of industry fortunes, where a score over 50 signals growth, slowed to 54.7 from 57.8 last month.

That represents the weakest overall growth for almost two years as civil engineers, commercial builders and, to a lesser extent, housebuilders felt the squeeze.

Growth in new orders dipped while confidence is down from March’s nine-year high, echoing the weakness seen by UK manufacturers during April.

Markit’s senior economist Tim Moore said: “The uncertain general election outcome appears to have put some grit in the wheels of decision making.

 

“Construction firms widely noted delays with clients’ budget setting and a reduced propensity to commit to new projects.”

Cips chief executive David Noble added: “This deceleration has been attributed to project delays and hesitancy as the country prepares to vote.”

Source Article from http://www.standard.co.uk/business/business-news/election-2015-poll-nerves-send-builders-to-lowest-ebb-in-two-years-10226069.html

May 5, 2015 |
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