Stakeholder - The Vinden Partnership

The Vinden Partnership says slowdown following the General Election isn’t a surprise

The latest IHS Markit/CIPS UK Construction PMI figures have revealed growth in the construction industry suffered a slowdown in June.

Output for the month fell from May’s figure of 56.0 to 54.8, with economic and political uncertainty as a result of the General Election causing some degree of trepidation amongst clients.

Confidence within the industry also took a hit as optimism fell to its lowest point since December 2015.

There was good news, however, with housing activity continuing its recent strong showing as it increased at its fastest rate for six months.

Peter Vinden, Managing Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment, said: “It shouldn’t come as a surprise that the General Election has led to a stall in growth in the construction industry.

“No doubt the uncertainty surrounding the current political situation has led to a loss of confidence within the sector. This can be seen in the lowest levels of optimism recorded so far this year.

“Construction companies still have concerns over the increased cost of products and having enough skilled workers to complete their projects.

“The positive is the continued strong performance of the house building sector, recording its second fastest rise since December 2015.

“I think we can expect similar results in the short term as the country searches for stability in Parliament and positive progress in Brexit negotiations.”

If you would like to read more articles like this then please click here

  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680
    enquiries@promarkmedia.co.uk