The past six months have seen consistent and strong growth within the industry, with demand for materials and output reaching levels not seen since the onset of recession in 2008. Looking forward to 2015, new research shows that prospects are even brighter for the start of next year.
The Leading Edge Industry Barometer, which surveys materials manufacturers, contractors, distributors and designers, shows that sales have grown at their highest rate since the survey began in April 2008.
The latest survey, covering the six months to October 2014, shows that the average percentage change in sales for construction companies, compared to the same period in the previous year, improved to 9.9 per cent – up from 5.5 per cent in the previous six months.
This is in stark comparison to the height of recession in April 2009, when sales dropped by 10.1 per cent. Sales continued to fall in October 2009, dropping by a further 6.6 per cent.
But the last 18 months have seen unprecedented levels of growth – especially considering sales growth was largely flat in the previous four years.
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