BRIEFING
Steve Jones, Managing Director
Construction, Economic and Procurement Update SUMMER 2017
Market Reflections
Wow, what a 12 months it has been.
Last Summer, in Briefing, I said we were in for interesting times. Never in my wildest
dreams did I expect this!
Brexit (although personally I had a sneaking feeling for this), Trump and a
disheartening, inconclusive General Election have done nothing to bring clarity, in fact
quite the opposite. Business confidence is now at its lowest level since the financial
crash.
All of the so called experts are scratching around to predict
what is going to happen next. In reality they have little idea
with every chosen path seeming to throw up two or three
different obstacles.
Despite all the uncertainty the economy, whilst sluggish,
continues to grow, the stock market is holding up well and
has proven to be remarkably resilient, and sterling appears to
have stabilised following the Brexit trauma.
Continuing in this positive vein,
as Kevin Heaton touches on later,
UK construction output is up with
overall activity strong. Interest
rates are low (for now!) with
tender price inflation appearing
manageable - certainly for the
next two years. This despite
the hovering clouds of Brexit,
impending labour shortages and
increased material costs.
At MDA we are continuing to grow
and are quietly confident.
However, no-one really knows
what the future holds - I can only repeat what I said last time “these are uncertain times”
and Brexit hangs over everything.
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CDM 2015 : 2 Years
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