Homes and RMI to take the brunt of recession forecast amid ‘less friendly govt...
UK construction output is predicted to fall by 4.7% this year with house building and RMI feared to be the worst hit before recovering with a marginal growth of just 0.6% next year, according...
Growth forecast soon but not just yet – CPA
Construction output is forecast to fall by 2.1% this year but will turn around to rise by 2.0% in next year, according to the Winter Forecast published this week by the Construction Products Association.
“Private...
Shortage of subbies adds to construction gloom as order books dip towards lockdown low
A rapid drop in availability of construction subcontractors last month added further pressure to ongoing transport, staff and materials shortages, taking order books to the lowest level since the January lockdown, according to the...
Supply chain and deliveries easing while new orders tumble – S&P
August saw a slump in housebuilding alongside the weakest activity forecasts since the beginning of the year and the fastest drop in new orders for over three years, according to the latest figures from...
Output strong, inflation easing – Markit
Construction output last month showed the strongest activity since mid-2021 amid stronger client confidence and work on new projects commencing, according to the latest report by HIS Markit.
Companies however continued to report widespread supply...
No recovery yet as CPA forecasts recession to continue through ‘24
The end is not yet in sight for the expected recovery in construction output with a forecast 0.7% growth now downgraded to a contraction of 0.3% due to a weaker economic backdrop.
Interest rates have...
Fears of slump deepen with new forecast
Fears of a recession in construction output were confirmed today by a new forecast of a 6.4% drop in 2023, even worse than the 4.7% predicted only three months ago.
Private House building and repair/...
Tumbling materials prices in steepest decline since ’09, housing demand down – S&P
Construction purchasing prices fell more rapidly than in 14 years while subdued demand for new housing added to the continuing decline in residential building, all against a backdrop of continuing decline in construction activity,...
Recession fear drives fall in construction confidence
Confidence amongst constructors dropped into negative territory last month for the first time since the initial Covid-19 wave and for only the sixth time on record amid expectations of a recession and poor demand...
Rising costs and economic uncertainty hit growth
UK construction companies reported another strong rise in business activity during April, but the speed of recovery lost momentum amid weaker new order gains, according to the latest CIPS Construction PMI report from S&P...
