Construction industry facing a ‘perfect storm’

A resilient sector in the second half of 2020 – but one with significant concerns about short to medium term workloads, profit margins and delays in their supply chains. These are the key findings of the Construction Employers Federation State of Trade Survey covering the last six months of 2020. The survey, which was conducted in late December/early January and contained the responses of 80 Northern Ireland-headquartered construction firms with a combined turnover of £1.5bn per annum, reflected an industry that got back on its feet with the lifting of restrictions on its activity due to the pandemic but which, at the start of 2021, looks into as uncertain a future as it has done since the 2008 recession.