Richard Threllfall, Partner and Head of Infrastructure Building & Construction at KPMG comments on this morning’s ONS construction figures:
“Apologies ONS, but I just don’t believe today’s output figures. They don’t ring true with what the industry is experiencing on the ground, with strong demand across all segments and growing order books. Yes, the housing sector had a weaker than expected start, but is warming up nicely in the Spring sunshine, and the civils market remains very strong thanks to pipelines of activity in road and rail. Sweepstake, anyone, on how long before we see an upward revision of the numbers?”