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Construction Pulse

Construction Pulse

July 2021

Key Points

  • Construction Pulse down in July
  • Over half of firms expect to increase basic pay over the next 12 months
  • 51% have ambitions to grow their business in the next 1 to 3 years

Construction Pulse

July 2021

Construction Pulse

July 2021

95.5

-1.5 on previous index reading

Construction Pulse

July 2021

Building Activity

Past 3 Months

Shape Created with Sketch. 45%
42%
13%

Balance +32%

(+3 on previous reading)

Construction Pulse

July 2021

Building Activity

Next 3 Months

Shape Created with Sketch. 44%
48%
7%

Balance +37%

(-7 on previous reading)

Construction Pulse

July 2021

Jobs

Past 3 Months

Shape Created with Sketch. 12%
82%
6%

Balance +7%

(+2 on previous reading)

Construction Pulse

July 2021

Jobs

Next 3 Months

Shape Created with Sketch. 25%
73%
2%

Balance +23%

(+7 on previous reading)

Construction Pulse

July 2021

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 89%
10%
1%

Balance +88%

(+1 on previous reading)

Construction Pulse

July 2021

Selling Prices

Next 3 Months

Shape Created with Sketch. 75%
25%
0%

Balance +75%

(+2 on previous reading)

Construction Pulse

July 2021

Pay Intentions

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 4% 24%
2% to 4% 27%
< 2% 6%
Stay more or less the same
43%
Decrease
< 2% 0%
2% to 4% 0%
> 4% 1%

Construction Pulse

July 2021

Business Ambitions

Next 1 to 3 years

51% growth trajectory
49% less ambitious

9%Confident, actively pursuing opportunities

37%Prefer to stay same size

42%Plan to grow but remain cautious

12%Intend to scale down