Latest Construction Products Association survey reports fifth consecutive quarter of rising sales
THE Construction Products Association’s latest State of Trade Survey reports strong growth in sales of construction products in the second quarter of 2014, marking the fifth consecutive quarter of rising sales.
Firms are showing increasing signs of optimism going forward and, for the first time in five years, product manufacturers reported increases in levels of capital investment across all areas of their business.
Kallum Pickering, senior economist at the Construction Products Association, said: ‘These results confirm that the construction products industry is firmly on the path of recovery.
‘All firms reported that sales increased compared with the second quarter of last year and, looking forward, no firms expect sales to fall over the coming year. These findings fall in line with the recent broadening of growth across private construction.’
He added: ‘There are clear signals that firms are looking to capitalise on the positive growth outlook. Both heavy-side and light-side firms reported that capital investment increased across all areas of business, and that investment intentions over the next 12 months were equally positive.’