Gleeds Q3 2016 Inflation Report: Industry stable despite Brexit uncertainty
Gleeds’ latest economic and regional inflation report indicates that following the EU referendum and the subsequent fall in the value of the pound, feelings of uncertainty remain prevalent.
Despite this, a significant number of construction projects are in progress, with some regions seeing renewed investment - potentially in reaction to the weakened exchange rate. It is the general view that projects already under construction will continue unaffected, while those not yet off the ground may stall while the full economic impact of Brexit becomes clear.
This quarter sees mixed market sentiment across UK regions with some areas seeing a surplus of labour capacity, while others continue to battle insufficient labour resource.