According to Travis Perkins’ Repair, Maintenance and Improvements Index (August 2020), the nation’s tradespeople are feeling confident and resilient about the outlook for their businesses over the next two months.
That confidence in the near-term outlook and resilience in the face of such challenging market conditions is something that should give cause for optimism.
When asked about where they expect most of their work to come from, a significant majority of respondents identify the domestic repairs and maintenance market.
Similar to expected workload, our respondents were confident in their expectations for material purchases over the next two months. Over half (52%) said they expect to either increase or greatly increase the level of materials they will buy while 38% said levels would remain the same.