Construction sector losing confidence
The Federation of Master Builders’ “state of trade survey” found workloads have fallen in each of the past 16 quarters and confidence in the repair, maintenance and improvement (RM&I) market is plunging.
Brian Berry, the federation’s director of external affairs, said: “The disastrous results for the RM&I market are very alarming.”
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Hide AdCommenting on the Scottish construction sector, John Hall – Scottish council member with insolvency trade body R3 – said: “Given the continued squeeze on facilities by lenders, it is highly likely that many more businesses in the construction sector will fail in the coming year.”
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