2020 – THE RECOVERY BEGINS

2020 is tipped to be the turn around year for our industry and according to the latest survey, Construction buyers reported a return to industry growth in February for the first time since April 2019 while the overall rate of construction output growth was the fastest for 14 months.

Some construction firms suggested that the recovery in output would have been even stronger had there not been disruptions on site from severe weather conditions in February.

There were widespread reports that pent-up demand released since the general election had helped to boost workloads, especially in relation to house building and commercial construction projects.

While construction order books have begun to recover in the opening part of 2020, the fly in the ointment is the uncertain impact of the coronavirus outbreak on UK economic growth prospects.

So based on my conversations with my clients things are definitely looking much better for 2020 with many projects due to imminently start. The knock on effect of this is that further pressure will be put on scarce resources with a distinct shortage of Professional and Contractors Quantity Surveyors across all sectors so you will need to allow additional time to resource these roles and I would recommend early engagement with your recruiter to ensure you get the people you require.

I’m looking forward to 2020 and welcome the return to growth following a somewhat stagnant 2019.

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