SBF: Scottish builders’ confidence rebounds but concerns flagged over Brexit impact on supply costs
Confidence amongst Scottish construction employers has recovered by 21 points to plus 2 after slumping to a three year low in the wake of the Brexit vote in June. This is the headline finding of the latest Scottish Construction Monitor, a quarterly survey of the membership of leading industry trade association the Scottish Building Federation, which consists of hundreds of building companies located throughout Scotland, from Orkney to the Borders.
As well as rating how confident they feel about the prospects for their business over the next 12 months, Scottish Building Federation (SBF) members responding to the survey were also asked a series of questions about their experience of supply costs over the intervening period since the EU referendum vote took place. A majority of respondents said they thought the Brexit vote is driving up industry supply costs. Bricks, timber and joinery, metal products, such as doors and windows and insulating materials, were the categories of building supplies where respondents reported the most noticeable rise in costs since June this year.