This week marks the first large roll-back of covid restrictions in the UK since December as non-essential retailers and leisure facilities can reopen (albeit with some restrictions) so it is understandable that confidence saw a boost this week.
This optimism isn’t without caution. The world’s recovery is very imbalanced, even within sectors or areas of the UK and this will continue to create supply issues for a variety of goods for some time. The latest release from the CLC’s product availability group serves as a timely reminder of the various pressures building in the construction market. As these shortages play out and demand increases (in both construction and the wider economy), we will be keeping an eye on our own construction basket of goods together with the wider implications for the construction market.