State of Trade Survey 2017 Q1
Construction product manufacturers reported rising sales in the first quarter of 2017, extending the industry’s period of growth to four years. On the heavy side, 45% of firms reported a quarterly increase in sales, down marginally from 50% in the fourth quarter of 2016. On the light side, 38% of firms reported that sales increased during the quarter, also lower than the 50% balance recorded in the previous quarter. Strong performance in the opening three months of the year has also buoyed manufacturers’ expectations for growth over the next quarter and year. 68% of heavy side manufacturers anticipated an increase in sales over the next quarter, whilst a balance of 47% was recorded on the light side.