Wednesday, 14 November 2018

‘Mineral product sales slide in third quarter’

Mineral products producers outside mortar are now facing the prospects of markets remaining flat to marginally negative for an extra year, in 2019. Modest growth is only expected to resume from 2020, depending on the Brexit negotiations progressing as the year ends, with a transitional period agreed as part of the Withdrawal Agreement. The prospects of a ‘No Deal’ Brexit is not one that would be desirable for businesses in our industry, and is causing great concern.
The latest pan industry quarterly survey paints a picture of reasonable activity but deteriorating profit margins in the face of rising costs.