SUPALITE REQUIRE COMPANIES TO BECOME FABRICATORS OR APPROVED INSTALLERS
POST BREXIT
While many of the economic forecasts were for doom and gloom if Brexit was chosen in the referendum, the immediate crash that was thought possible has failed to materialise.
analysis and forecast of economic activity for the period ahead and are independent of any political, economic or business bias. As such, their forecasts are highly valued and respected. In the case of Experian, the global information services group, they say that empirical evidence to support post referendum forecasts remain thin on the ground, and will do so for some months to come.
However this does not mean that all industry sectors will not experience downturns or flattening of demand and D&G Consulting has just published a special Post Brexit Edition of its Market Forecasts for PVC Window, Door and Conservatory industry.
Up to the time of the Brexit vote the UK PVC window, door and conservatory industry was slowly climbing back to pre-recession levels. In 2015 the industry experienced an overall growth, as measured by installer value of an estimated 3.5% and as measured by window profile demand by 2.0%.
As is well known, the immediate effect post referendum was a downward pressure on sterling and this has remained. The pound against the US Dollar has weakened by around 13% and against the Euro by around 8% the UK exchange rate. Since the spring both the ITEM Club and Experian Construction Forecasts have downgraded their forecasts as a result of Brexit. The ITEM Club have forecast that consumer spending and fixed investment will decline in 2017 by 0.6% and 2.1% respectively – this despite interest rates at or close to 0% and average earnings increasing by 3.4%.
SEE PAGE 28
SEE PAGE 69
HARDWARE 1016/0001
Is your supplier letting you down ?
WE WILL BEAT ANY* PRICE
However, slower economic growth will inevitably affect construction activity particularly on the private side, with declines in demand now projected for the next two years. Continued on page 4...
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“The ITEM Club have forecast that consumer spending and fixed investment will decline in 2017 by 0.6% and 2.1% respectively – this despite interest rates at or close to 0% and average earnings increasing by 3.4%.”
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Ernst and Young has been sole sponsors of the ITEM Club for 25 years. It is the only non-governmental forecasting group to use HM Treasury’s model of the UK economy. Their reports provide a detailed economic
IS !! TH NTH MO
NOT GOOD NEWS, NOR BAD: A FLAT MARKET FOR TWO TO THREE YEARS
Issue 67 October 2016
THE RIGHT PEOPLE READ GLASS NEWS E SE E!! SID IN
FORECASTS FROM D&G CONSULTING
INSTALLERS | FABRICATORS | GLASS PEOPLE | ALSO STOCKED IN TRADE COUNTERS
FR E
FIND OUT ON PAGE 44
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GN - Classified Qtr page Advert Roofs AUG 2016.indd 1
Tel: 01642 610799 Fax: 01642 615854
www.madefortrade.co
15/07/2016 13:54