Construction on road to recovery

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The construction industry is speeding back to health, according to Steve McGuckin, UK managing director of global construction and project management consultancy Turner & Townsend.

“Construction is back, with pressure already growing on its supply capacity,” says Mr McGuckin.

“Output is creeping up, but the pipeline is racing ahead.

“While the industry is now more upbeat than it has been for a few years, the best players are facing a new challenge – how to respond to rising demand.”

Mr McGuckin says the construction sector has already seen two false dawns, but the momentum and hugely improved sentiment suggests the recovery is now really underway.

“New orders for housebuilding grew by a fifth in the second quarter – faster than at any time since 2010.

“While the residential sector is the star performer, infrastructure and commercial construction are recording strong order books too.

“Such an impressive pipeline of work is the best indication that the recovery will be sustained.”