Scotland’s construction sector ‘accelerating’ thanks to SNP Government investment in public housing

From Insider today:

Growth in Scotland’s construction sector has accelerated as businesses become “fed-up” waiting for Brexit, according to new figures. The Q2 2019 RICS Construction and Infrastructure Market Survey also shows workload and employment expectations are gathering pace for the year ahead. Workloads in public housing grew at the fastest pace, with a net balance of 52% more respondents reporting an increase in activity – up from -30% in Q1. This was closely followed by growth in private housing workloads. 

https://www.insider.co.uk/news/fed-up-waiting-construction-industry-18333455

This contrasts with decline in the UK. From Insider on 2nd July:

The UK’s construction output has plummeted at its steepest rate since 2009, as Brexit uncertainty and weaker demand hit all major areas of the industry. The Markit/CIPS UK Construction purchasing managers’ index (PMI) recorded a reading of 43.1 for June, down from 48.6 in May.

https://www.insider.co.uk/news/construction-output-drops-sharpest-rate-17327838

Earlier reports of health in Scottish economy:

Reporting Scotland fish for problems to deflate confidence in the economy by avoiding doing any research!

Scottish economy grows for ninth quarter in row

Yet more objective evidence Scotland’s economy healthy in SNP care

Scottish labour market outperforms UK revealing more evidence of health in economy

Umpteenth post on underlying strength in Scottish economy: Property investment up 19.8%!

Scottish business confidence well above UK average

SNP blamed as private businesses experience too much demand and overcrowding with new staff second only to Labour-mayored London.

Scottish business confidence stays high…Ah but!..Oh shut up Revoking Scotland!

63% fall in large business insolvencies as Scottish economy reveals strength

See this Douglas? Business investment in Scotland up 250%!

Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%

Scottish small businesses still more confident than those in non-Scottish parts

Business activity soars to four-year high across manufacturing and service

Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Scottish Government supports economy with new business rates unique in UK

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2 thoughts on “Scotland’s construction sector ‘accelerating’ thanks to SNP Government investment in public housing

  1. Ludo Thierry July 22, 2019 / 8:01 am

    Further evidence of the underlying robustness of Scotland’s economy (at the very sharpest end ie Decrees issued) indicated in the latest figures from the Scottish Registry Trust. Noticed these highly encouragingf figures carried on the Scottish legal site but have seen no mention in any other news outlet as yet. Link and snippets below:

    https://www.scottishlegal.com/article/boost-for-scottish-business-as-decrees-plummet

    According to figures released by Registry Trust, the number of decrees against Scottish businesses dropped by 28 per cent in the first six months of 2019 (compared to HY1 2018 figures) – totalling 1,140, the lowest of any first half-year on record.

    The total number of decrees against incorporated businesses dropped by 29 per cent from the previous year’s figures, to 850.

    The total number of decrees against the generally smaller unincorporated businesses fell 23 per cent on HY1 2018 figures, to 290 – a record first half-year low.

    During the first half of 2019, 9,310 debt decrees were registered against consumers, 29 per cent lower than HY1 2018.

    The number of small claims against consumers fell by 29 per cent in HY1 2019 to 8,498, with the total value down to £13.1m, a 28 per cent drop on HY1 2018’s record high figure of £18.1m.

    Ordinary cause decrees against consumers in the first six months of 2019 dropped by 33 per cent to 812, compared to the same period the previous year.

    The total value fell by 39 per cent to an all time first half-year low of £10.5m.

    Scotland chairman Malcolm Hurlston CBE added: “The decree stats for both businesses and consumers are positive over this half year and give hope for a strengthening economy.”

    Liked by 2 people

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