The construction sector bucks national trend as business warnings fall in third quarter.
The number of building firms reporting negative business warnings has fallen sharply in the last quarter according to a survey.
According to KPMG’s latest quarterly business survey companies making negative business warnings fell 35% in the third quarter.
KPMG said that the fall in negative sentiment showed that there was still demand in the construction sector despite the slowdown in the housing market.
The construction sector bucks the trend in the survey where across all sectors negative announcements went up 6%.
Negative warnings in the retail sector went up 12% and KPMG said a fall in housing sales had hit DIY firms hard.
The negative business warnings include profit warnings, redundancies and significant restructuring.