Engineering industry remaining steady

Engineering industry remaining steady

Well thank goodness for that! Despite all the shenanigans over the last few months with a general election and the ever present Brexit it looks like the engineering industry is remaining steady!

A recent piece in the Electrical Contracting News has been exploring the implications of the country’s political dilemma. This has stemmed from the latest sector-wide Building Engineering Business Survey, sponsored by Scolmore, showing that sector growth has remained steady in the third quarter of 2019. With the commercial outlook for Q4 broadly similar, however it is important to note that there is a small increase in businesses (25 per cent) believing their turnover will decrease.

Let’s face it, we still have no clarity on whether we are going to bowl out of Europe with a ‘no-deal’ , which will inevitably have an effect on delays and complications for materials and labour availability. So it is not over yet and who knows what the future holds, but at least for the moment things are holding steady!

Find out more in the full article by Electrical Contracting News.


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