Plant hire prices reveal continued downward pressure on construction supply firms
The evidence remains strong that prices in construction remain heavily squeezed despite the easing in the recession providing scope for many service providers to push up prices in other sectors. The ONS’s experimental services producer price indices provide data on price movements across a range of businesses providing services to other businesses. The selection includes construction plant hire. The aggregate figures suggest that inflation is once again pressing on business costs, with prices for freight forwarding, motor vehicle maintenance, computer…