Construction sector
Construction business leaders scored 64 out of 100 on the WHO-5 Index – the World Health Organisation’s internationally recognised wellbeing measure. The Index has been on a steady decline since our first measure in May 2022; moving from 82 out of 100 in May 2022 to 68 in October 2022 and now to 64. This decline has reflected worsening market conditions for the industry. In May last year, most construction businesses were still in a boom phase, with more work than they could handle. However now, our BDO Construction Sector Report 2023 shows a decline in forward work, particularly for lower turnover businesses and in the residential sector. The declining WHO-5 Index among construction business leaders and owners is the most pronounced across all sectors we monitor.
VIEW THE CONSTRUCTION SECTOR OVERVIEW
News reporter Wilhelmina Shrimpton interviewed Nick Innes-Jones, BDO Construction Sector Leader, to discuss key challenges and practical tips for tourism business leaders to alleviate them. View their conversation below.
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