The future is looking bright for the UK construction industry, with the latest data from the Office for National Statistics confirming that growth is occurring at a faster pace than originally thought. To monopolise on favourable market conditions Midland Pallet Trucks is urging decision-makers and equipment managers to 'make hay while the sun shines' and stock up on premium quality equipment in a bid to increase investments, boost productivity, augment profits and fast-track future growth.
Phil Chesworth, Managing Director of Midland Pallet Trucks, says, "The verdict is in and for the UK construction industry, the time has never been better to expand operations and tap into a market that's only set to grow over the coming months. Midland Pallet Trucks is helping British construction businesses make the most of the boom with a range of high-grade equipment designed to streamline operations and help deal with the boom that's set to hit over the next quarter."
In the wake of significant changes to the way construction data is calculated and analysed, the ONS has found that in 2014 the national construction economy enjoyed its strongest rate of growth in over a decade. Under the new formula the office uncovered an additional 0.1 percentage points than previously thought. This represents the largest expansion rate since 2003, when the national economy mushroomed by 4.3%. The revisions bring the economy's performance more into line with recent survey evidence.
Given the fact that the UK construction sector accounts for 6.4% of the nation's economic output, the revised data is a hugely positive indicator for both the construction industry as an independent entity, and the national economy as a whole. When combined with an ease on credit constraints, as well as increased availability of labourers and raw materials, the market is on a one way road to prosperity.
To tap into the nationwide growth Midland Pallet Trucks is urging British construction businesses to expand equipment inventories before demand sky-rockets. With a complete range of superior quality pallet trucks, pump trucks, manual stackers, weigh scales, lift platforms, skates and other equipment engineered to enhance productivity, the site is a one-stop-shop for any business wanting to arm itself with scope for ongoing growth.