Survey reveals there is a shortage of construction workers in Ireland

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20th February 2017 12:59 - Construction

Survey reveals there is a shortage of construction workers in Ireland: According to the most recent edition of the quarterly construction market research report, entitled the InterTradeIreland Business Monitor Report, construction firms in both the Republic of Ireland and Northern Ireland are having difficulties in recruiting skilled construction workers.Survey reveals there is a shortage of construction workers in Ireland

As well as this, the research report revealed that even though the respondents said that they had concerns about how Brexit may potentially affect their company, the firms within Ireland were generally optimistic. According to the survey findings, 98 per cent of the survey respondents had no strategy in place to handle Brexit within their company.

The findings also showed that non-exporters had a less optimistic outlook than exporters.

Of the survey participants, more than 80 per cent said that their company had either experienced growth or reported stability within their business. However, more than one in three construction companies cited staffing problems.

The staffing issues were not exclusive to construction companies, with 28 per cent of growing businesses citing staffing as a current problem within their company.

Just less than 50 per cent of businesses in the survey said that they were worried about the increasing cost of energy and the same percentage had concerns about the cost of other increasing overheads.

Approximately 50 per cent of construction firms across Ireland who sell across the Republic and Northern Irish border were concerned about the exchange rates. The decreasing value of the pound has resulted in an increase in input costs for many companies in Nothern Ireland.

The most recent Purchasing Managers' Index from Ulster Bank uncovered that pressures related to inflation increased throughout January 2017 and revealed that a weak sterling was affecting companies in the form of rising import costs.

The inflation of input cost rocketed at the fastest rate seen since May 2011.

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