Saturday 19 October 2019

Two-thirds of building firms active on sites

Peter Flanagan

SOME two-thirds of construction companies are working on sites, in a sign that the sector is at last beginning to stabilise.

New figures from the Construction Industry Federation show 63pc of firms are currently engaged in onsite construction activity, while more than 60pc believe activity in the sector has increased or stayed the same in the last three months.

The report paints a picture of an industry that, if not growing, has at least stopped declining. Some 52pc of firms believe the number of tenders available has not changed or increased since February.

The federation's director general, Tom Parlon, said the sector seemed to have been "faring relatively well in recent times, despite the difficult circumstances in the industry".

He added: "Most construction companies are actually on site at present, so that is positive news and a positive sign for the industry.

"This positivity is backed up by the statistic in the CIF Construction Confidence Index which deals with activity. It shows that six out of 10 companies have seen their activity increase or stay at the same level over the last three months.

"As an industry we are still looking for light at the end of the tunnel and, until we do see measures being taken to improve the conditions for the construction industry, then it will be difficult for construction companies to have confidence about their business environment," he added.

Irish Independent

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