"What’s concerning is the fact that many firms have suggested they will need to raise their prices in order to level out increasing overheads" - Stephen MacVicar, Managing Director
(PRWEB UK) 6 February 2013
The results from the latest State of Trade survey from the Federation of Master Builders (FMB) shows us that workloads have continued to decrease in all sectors of the construction industry in all areas of the UK. This, in combination with the inevitable rise of wages and production costs, seems to suggest that 2013 is looking to be yet another tough year for builders, labourers and other construction workers, all of whom were hoping for a more lucrative twelve months after employment was down once again in the last quarter of 2012.
As a result, the study’s publishers have warned that the decline within the construction industry is set to continue well into the New Year and beyond, with nearly a third of building firms facing tough decisions regarding staff and salaries.
So what does this news mean for the home improvement industry as a whole? Green Apple Flooring’s Managing Director Stephen MacVicar has this to say about the results of the report.
“It’s no secret that the property market has a significant impact on the country’s economy. Being presented with clearly negative results from such an important survey will not reassure SMEs in the construction and home improvement sectors that their businesses will be able to recover from this recent downturn, and it won’t instil much confidence in the UK’s notoriously volatile property sector,” he says. “If these negative trends continue and there is little evidence to suggest this sector will grow within a reasonable timeframe, home improvement retailers are bound to notice a negative impact on sales.”
“What’s concerning is the fact that many firms have suggested they will need to raise their prices in order to level out increasing overheads,” he adds. “Companies need to be generating wider margins without passing extra costs on to the end consumer in order to inject some life and much-needed profitability back into the industry as a whole.”
Green Apple Flooring supplies an extensive range of laminate, engineered and real wood flooring to the UK. The company is proud to stock flooring and maintenance products from some of the best-known flooring brands in Europe, including Quickstep and Elka, at extremely competitive prices. Visit the company's website for more information or call 0800 002 9525 to speak to a member of staff directly.