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          DWF comments on construction sector PMI

          Andrew Symms, head of construction at DWF, comments on IHS Markit/CIPS Construction figures for September. 

          Date: 02/10/2019

          Andrew Symms said:

          “The September PMI figures for the construction sector are pretty dark, with the sector experiencing the second fastest fall in new orders since March 2009. 

          “These figures confirm the negative trend in the economy as a result of political uncertainties. Given the continued tensions over Brexit, this is unlikely to change until Brexit is resolved and, even then, it is unclear the direction of the economy subsequently - will there be pent up demand which will then be released or will there be a continuation of the negative trend? 

          “Only time will tell what will happen but businesses in the sector will need to take positive steps to understand their supply chains, mitigate risks and ensure, to the best of their ability, that financing is available in case conditions deteriorate further.”

           

          For more information, please contact:
          Nahidur Rahman, Senior PR Manager
          Tel: +44 7851 796943
          Email: nahidur.rahman@dwf.law 

          Alternatively, contact the DWF press office on press.office@dwf.law   

          Related people

          Andrew Symms

          • Partner // Head of Energy & Industrials, UK