Positive growth in construction sector continues as over a third of construction companies experienced an increase in turnover in Quarter 2 (34%) but 77% of companies cite access to skilled labour as their top concern, according to the Construction Industry Federation’s Quarter 2 Economic Outlook Survey.
The survey of 210 construction companies found that:
Hubert Fitzpatrick, Director General of the Construction Industry Federation said:
“Early data for 2023 points to positive growth in the construction sector but building and construction investment has not yet returned to pre-pandemic levels. With the economy now at full employment, it is more important than ever that budgetary policy continues to address capacity constraints and deliverability issues, principally in the planning and procurement systems to ensure that the country can meet the infrastructure needs of a growing population.
“Public investment under the NDP 2030 will remain an important stabiliser for construction demand and employment. A unified approach that focuses on infrastructural delivery, education and skills policy is needed to ensure continued growth in productivity in construction.
“Access to a skilled workforce remains a concern in a competitive employment market for construction and other sectors. Government and industry are working together to increase pathways into construction and to attract more workers from Ireland and overseas, while upskilling the current labour force to meet new demands and technologies.”
Read the CIF Q2 Economic Outlook.
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