State of Trade Survey 2017 Q3

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Following slower UK economic growth in the first half of 2017, construction product manufacturers reported the lowest balances for sales growth in two years in Q3. On the heavy side, only 10% of firms reported a quarterly increase in sales, down from 40% in Q2. Similarly, 36% of light side firms reported a rise in sales during the quarter, down from 55% in Q2. Looking ahead, manufacturers’ expectations for sales growth over the next quarter and year remained mixed. 21% of heavy side manufacturers anticipated a fall in sales over the next quarter, with a zero balance recorded on the light side. In contrast, manufacturers remained optimistic for the next 12 months, with positive balances reported in Q3.

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