To leave or not to leave, that is the question. Apparently it is one which is causing much of Britain to put life on hold which is why yours truly has not been around on this blog for some time. Why we should believe that whatever the result we will not need new buildings is beyond me and I am not sure I believe all the scaremongering about DIY recessions I heartily endorse a comment I read earlier that I just wish it was here so we can move on and talk about something real again!
Uncertainty around the EU referendum is having a significant effect on the construction sector with new orders falling for the first time in more than three years. The closely-watched purchasing managers’ index (PMI) for the construction sector showed business activity dropping to its lowest level since June 2013, while the majority of firms surveyed reported a fall in new orders – the first time this has happened since April 2013. Companies are putting off new projects until after the outcome of the referendum on June 23, the survey showed, causing a knock-on effect for the construction sector, which makes up around 6 per cent of the economy. “Survey respondents noted that the forthcoming EU referendum has disrupted new order flows and the timing of client decision-making in particular,” said Tim Moore, an economist at Markit, which conducts the survey.