Construction Industry: Growing Despite Economic Woes

Posted October 25, 2022 by mirbly2022

Despite the UK's economic woes, the construction industry is slowly growing and recovering. For construction companies to thrive, they must take steps to equip their businesses well for the future.
[Norwich, 25/10/22] The COVID-19 pandemic has significantly impacted the construction industry, resulting in many projects being cancelled or postponed and many workers being laid off. As a result, the construction industry faced a slowdown. Experts predicted a looming recession this September that would further impact the industry. Inflation and interest rates were also expected to rise, making construction projects more expensive.

The UK construction industry recently released an index reading showing that the industry is still growing despite economic woes. The index reading was at 52.3, up from 49.2 in August. While the increase is small, it indicates that the industry is slowly recovering from the pandemic, partially due to work on delayed and unfinished projects before the pandemic finally getting underway.

However, it is still growing, albeit slower than before the pandemic. Many experts attribute this to the fact that construction faced several challenges before COVID-19, such as a skills shortage and a lack of investment in new technologies. For construction companies to stay profitable long-term, they must focus on a few crucial aspects.

Adopting New Technologies

Technology can automate tasks and processes, making construction workers more efficient. It can also improve safety on construction sites by reducing the need for manual labour. Some of the latest technologies construction companies adopt include drones, 3D printing, and virtual reality.

Focusing on Sustainability

Sustainability is becoming an increasingly important factor for construction companies. Many clients now demand that their projects be built using sustainable materials and methods. To meet these demands, construction companies must focus on using recycled materials, renewable energy, and water conservation.

Improving Safety

Safety is always a top priority in the construction industry. With new technologies, construction companies can now track employee safety data and identify potential risks. Health and safety training companies like Mirbly can provide construction workers with the latest safety information and help them stay up to date on the latest safety regulations.

About Mirbly

Mirbly Mandatory Business Training is a leading provider of health and safety training for the construction industry, as well as in the healthcare, manufacturing, and leisure sectors. Their instructors have over 20 years of experience, offering training courses on first aid, fire safety, and diabetes and dementia awareness to various establishments. They also offer online courses for those who want to learn at their own pace.

Visit to learn more about the services.
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Issued By Mirbly
Country United Kingdom
Categories Business
Tags construction industry
Last Updated October 25, 2022