Winter is coming, but it’s not all doom and gloom for construction

By Gareth Lewis 2022-11-23T07:00:00

Construction has proved a remarkably resilient sector. To get through the hard times ahead we must keep our heads and work together, says Gareth Lewis

Wherever you look at the moment, it feels like there is bad news – the war in Ukraine, worsening global economic conditions, interest rates rising again, the energy crisis and the list goes on…

However, I am pleased to note that there is one area bucking the trend. For those of us in construction, there is plenty to be proud of.

According to new GDP figures revealed by the Office for National Statistics (ONS), construction was the only major sector of the economy to grow in September. The service sector is stagnating and manufacturing was down by 2.3%. While the economy overall saw a drop in GDP by 0.6%, ours actually grew by 0.4% – the third month of growth in a row and the highest level of construction output (£15.1bn) since records began.

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