State of Trade Survey 2016 Q3
Amid increased economic and political uncertainty following the UK’s vote to leave the EU, construction product manufacturers painted a largely positive picture for sales in Q3, which marked a fourteenth consecutive quarter of growth. On the heavy side, a balance of 26% of firms reported an increase in sales during the quarter, down from 52% in Q2. Half of light side firms reported a rise in product sales, up from 38% in the previous quarter. Following on from this performance, forward-looking indicators signalled a positive outlook for the next quarter and year ahead. The notable upward shift in sentiment was most likely underpinned by better-than-expected post-referendum economic data.