Small and medium sized construction companies outperformed UK private companies in the third quarter of this year, figures published today by accountants PKF showed.
Contractors enjoyed a buoyant market, winning new contracts and working on existing orders. Retail was the only area were workloads dropped off.
The survey of 800 firms operating in construction and manufacturing revealed that output was up on the first quarter of the year and well above the national average for UK companies.
Construction registered 61.2 on the PKF index where a score above 50 shows growth and below 50 shows a contraction in the market, compared to 58 during the first quarter of 2005. Across all industries growth registered at 52.2.
Construction firms took on staff to meet higher workloads while across all UK SMEs employment levels were broadly flat. Input costs continued to rise largely due to higher fuel and oil costs.
PKF partner Stuart Barnsdall said; 'The construction sector is clearly enjoying strong demand at the moment which is unlikely to diminish in the short to medium term.'
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