UK economy poised to rebound in 2018, forecasters predict – business live – The Guardian

It has been a mixed month for the sector, so this dip in the reading is not a major surprise. The hope is that it is a blip rather than the beginning of a downward trend.

Results from commercial contractors show margins are holding up reasonably well and improving. Meanwhile, any nervousness about pipelines has eased for many firms by the awarding of contracts for HS2.

The principal headwinds – particularly input price inflation and concerns about the future supply of EU labour – remain, so the focus is on organic growth, continuing to boost margins to above the 2% mark and a disciplined approach to contract bidding. These priorities are still key if the industry is to mitigate the risks in the current trading environment.

UK economy poised to rebound in 2018, forecasters predict – business live – The Guardian