
London Stone, a UK seller of natural stone, have shared
their thoughts on the news that construction industry growth tapered off
towards end of 2013.
According to survey data from the Markit/CIPS construction
purchasing managers’ index, strong performance in the housebuilding sector was
undermined by significant falls in civil engineering work in December, leading
to the third consecutive month of slowing in the construction industry.
Despite this, 2013 still ranks as one of the most prosperous
years for builders in Britain since 1997, thanks in large part to significant
growth in housebuilding.
Markit senior economist, Tim Moore, said that UK
construction firms are “highly upbeat about their prospects for output growth”
this year.
Chartered Institute of Procurement & Supply group chief
executive officer, David Noble, explained: “The sector has become a victim of
its own success as it struggles to keep up with its own speed of recovery. With
increases in new business, comes pressure on the availability of talented staff
and a squeeze on the performance of supply chains.
“Still replacing the skills lost in the recession and faced
with increasing charges for the subcontractors used to fill in the shortfall,
the sector is enjoying low commodity prices to balance out costs. As more new
business comes in, so vendor performance is being affected and key raw material
delivery times are lengthening.”
London Stone, a top provider of natural stone to
construction professionals, often respond to industry related news. They’re
backing house builders to have another big year in 2015.
A representative for London Stone said: “House building
enjoyed a very positive year in 2014 and at London Stone we’re one of thousands
of companies who benefited from that. Sales were very healthy, thanks in part
to the number of house builders who turned to companies like ours to source the
very best natural stone that the market has to offer.
“We’re hoping that growth continues in 2015 as its good not
just for us and the sector but for the British economy as a whole.”
Established in 2005, London Stone is one of the country’s
top sellers of natural stone. They have a diverse selection of quality
materials available and they deliver throughout the UK. Visit http://www.londonstone.co.uk/ to learn
more.