UK construction growth and car sales hit by supply chain crisis – as it happened
by Graeme Wearden from on (#5P6Y9)
Rolling coverage of the latest economic and financial news, as supply problems hurt builders and hit car sales
- Closing summary
- UK construction hit by supply chain problems...
- Second-fastest rise in input prices on record - concrete, timber and steel all pricier
- Shortage of EU workers another factor
- August UK car sales hit eight-year low
- Aluminium at 10-year high amid Guinea coup
- German factory orders lifted by shipbuilding demand
- UK labour crisis could last up to two years, CBI warns
Disruption caused by Brexit was another factor hitting builders last month, says Duncan Brock, group director at the Chartered Institute of Procurement & Supply:
Formidable supply chain pressures restrained purchasing activity and building projects across the board in August as 68% of construction companies reported even longer delivery times for materials compared to July.
A combination of ongoing covid restrictions, Brexit delays and shipping hold-ups were responsible as builders were unable to complete some of the pipelines of work knocking on their door.
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