Build build build?

Fraser Johns, Finance Director at Beard, said of September’s ONS construction output data: “In a sense there was really only one way these figures could go starting from such a low base back at the start of Q2, when we saw a 40.2% drop in GDP. But continued growth at this rate for the third consecutive month has to be a good thing. However, it is interesting to note that the rate of recovery is not as strong as it was in June, with construction growing at 17.6% compared with 23.6% previously.

“While it’s welcome to see overall GDP grow by 6.6%, a return back to pre-pandemic levels simply cannot come quickly enough.”

Image credit | iStock

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