During a period of increased investment into construction and a large emphasis from the government on growth, it is alarming that NFRC Members were overall less positive than they were in quarter three of 2024.  

“Most concerning is the declining workload and level of new enquiries NFRC Members are experiencing in the new build sector,” said NFRC CEO James Talman.

These trends have been reflected across construction in the February S&P Global UK Construction PMI® Report which saw new work and input buying fall at its fastest pace for almost five years.  

Fortunately, NFRC Members operating in RM&I were particularly positive about their workload for the year ahead.  

“Confidence has dipped, especially in new build, but there’s still an underlying resilience in the repair, maintenance, and improvement (RMI) segments,” said Talman. “Winter weather, continuing economic uncertainty, and recent government measures have tempered the sector’s enthusiasm.”

The report also highlights that challenges remain around skills shortages and material costs.