Output growth up in ’21 but forecast dips for ’22 – CPA
The predicted growth for construction output for the year has increased to 14.3% from its previous 13.7%, according to the Construction Products Association, but next year’s forecast is now revised down from 6.3% to...
Inflation forces drop in profit forecasts – CPA
Continuing increases in energy and materials costs have forced construction profit margin forecasts to drop to the lowest level since 2020, with Wales and the South West, followed by Scotland, expected to suffer the...
Interest-hit housing and RMI lead to steeper output fall
Hopes of recovery in construction products have suffered another setback as stubbornly high interest rates forced housing new-build and RMI (repair, maintenance and improvement) to push the forecast contraction to 2.9% this year.
The drop,...
Construction rebound sees strong order books and rising employment – HIS Markit
UK construction companies recorded a sustained rebound in business activity during December, according to the latest PMI data compiled by IHS Markit.
Stronger order books helped to drive the recovery across the construction sector, with...
Housebuilding slump fuels steepest construction decline since pandemic days
Construction activity fell at the fastest pace since May 2020 with housebuilding showing the steepest fall of all sectors.
At the same time, supplier performance continued to grow robustly and delivery times for products and...
Homebuilding leads construction upturn – Markit
A steep rise in homebuilding has led a strong upturn on construction activity at the end of the third quarter, with firms increasing their purchasing at the quickest pace for nearly five years, according...
Rising costs continue to dampen product growth optimism
Light side construction products showed growth for a ninth quarter in succession while increases in energy, fuel and materials costs continue to add uncertainty to the immediate future, according to the Construction Products Association’s...
Shortages, delays and price hikes halt construction growth
Transport shortages and delays as well as the sharpest rise in building costs for over two years helped bring an end to seven months of growth in UK construction output, according to the latest...
Homes demand brings record growth for construction orders
Construction order volumes increased at the fastest pace for nearly a quarter century last month but inflation in materials costs hit the same record high, according to the latest IHS Markit / CIPS UK...
CPA sees recession ahead before growth in ‘25
Construction is expected to fall into recession this year with a 2.2% drop in output before turning to of 2.1% growth in 2025 and further growth of 3.6% in ’26, according to the spring...
