Construction industry ‘bouncing back’

Fri, 12 Jun 2009

Construction could be about to emerge from the recession, according to specialist market intelligence firm Glenigan.

Positive indicators include:

- a rise in the number of construction projects going to tender from an average of 30 in February to 38 a day in May

- planning applications in May were 32% above the low point reached in February

Glenigan says the data is further evidence that additional government spending is starting to feed through.

Martin McCrum, managing director of Aspirare Recruitment,  told Recruiter that after moving away from the construction sector six months ago to focus on engineering, the company was looking to get back into the sector “fairly soon”.

“We have had vacancies phoned in, which have been short term so we didn’t pursue them, but the market is definitely bouncing back. The market is recovering: that’s an absolute fact.”