Over the years, June has always been a consolidation month for freelance builders – and this time round is no exception. Earnings are broadly speaking static, with marginal increases and decreases everywhere except in the West Midlands and South-East, which have ‘bucked the trend’ with more significant hikes in earnings.
“In national terms, earnings are up by a slender £8 a week,” says Hudson Contract Managing Director Ian Anfield. “June was the first month this year with neither a bank holiday nor poor weather to affect the output and it’s good to see last month’s earnings bounce-back of almost four per cent has been sustained.”
|Region||June 2018 Average||Change from May 2018|
|Yorkshire & Humber||£802.00||-0.75%|
|East of England||£907.00||-0.22%|
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This month's winning trades
And the losers:
Also bouncing back this month from its winter slump is the latest nationwide IHS Markit/CIPS UK construction PMI survey. Growth has soared to a seven month high, with June becoming the strongest month for construction this year.
New orders have risen at the fastest pace since May 2017, job creation has been the fastest in a year and June saw the largest upturn in buying construction materials for two-and-a-half years.
Ian Anfield adds: “The data suggests much of the early-year weakness was caused by the ‘Beast from the East’ rather than anything more sinister. Given the increase in temperatures this month, which has caused a few roads to melt, maybe some of Britain’s surfacing contractors will be doing particularly well!”