New orders for work in the construction sector continue to boom

Commenting on today’s IHS Markit / CIPS UK Construction PMI, Jan Crosby, head of the infrastructure, building and construction at KPMG UK, said:

“New orders for work in the construction sector continue to boom this month as demand again surges for projects nationally and regionally.

“But the issues with delays in the global supply chain haven’t gone away, raw materials are still difficult to procure and costs are going up on what is available. These shortages and price rises are causing builds to be more expensive overall and making it difficult for the sector to plan for unexpected costs on projects.

“Opportunities are growing in hot markets such as data centres, logistics, residential and life sciences, whilst the infrastructure re-set will provide longer-term opportunities including through freeports. Ultimately the materials and labour supply chains need time to rebalance – which they will – whilst also creating a catalyst for new ways of delivery and new entrants into the market.”

-ends-

Notes to Editors
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About KPMG UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

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