State of Trade Survey 2018 Q2
Following a weak first quarter, which experienced the compound effects of weather-related disruptions and the demise of Carillion, construction product manufacturers reported a mixed performance in Q2. After two consecutive quarters of decline, 40% of heavy side manufacturers reported a rise in sales in Q2. The rebound in sales is likely to reflect some degree of catch-up, aided further by unseasonably warm weather. This echoes official data, which showed that after a decline in Q1, construction output recorded the strongest monthly growth rate in two years for May. On the light side, however, 29% of firms reported a decrease in sales during the quarter, the first fall since 2013 Q1. Expectations for Q3 remained mixed, but manufacturers’ optimism improved on the 12-month outlook. 43% of heavy side manufacturers and 27% of those on the light side anticipated a rise in sales over the next 12 months. Despite this, employment data depicted a weak picture in Q2, with heavy side firms reporting the joint lowest balance in nearly five years.
This document contains a fully comprehensive list of all the most up to date Wood Information Sheets (WIS) published by TRADA. Available to members for free or non-members for £12.00, these Wood Information Sheets provide technical guidance related to almost every timber topic under the sun.
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