Output growth hits 1997 high but materials and labour worries cloud industry optimism

By Dave Rogers2021-07-06T09:29:00

Warning over pressure on costs and margins as booming housebuilding and commercial markets fan increase in workloads

Construction output has hit a 24 year high driven by a booming housing market and a recovering commercial sector, the latest monthly figures from the IHS Markit/CIPS survey have said.

But the latest data underlined the problems many are now facing over materials and labour shortages with the problems sending business confidence in construction to a six month low.

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