Builders are confident about their future performance

Figures from invoice finance firm Bibby show that almost two thirds expect sales to grow in the three months to October, an increase from 53 per cent three months ago.

This is above the average for all sectors – the survey found just 53 per cent of service SMEs expect to grow in Q3, down from 69 per cent in Q1.

Recent figures from Markit Economics showed the sharpest rise in housing construction since 2003. The sector has been taking on a greater number of staff as of late but there are concerns that a skills shortage could be brewing.

Helen Wheeler, MD of construction finance at Bibby said: “With the summer months the busiest time of the year for the construction industry, it is heartening to see that SMEs in the sector are confident about sales growth. This shows that work is spreading through the chain and sub-contractors are benefiting.

“Other sectors are not as bullish, but this could reflect a more realistic optimism now, following steady growth over the past six months.”

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