CPA Winter Forecast
The latest forecast from the CPA (Construction Products Association) is now available. The headline forecast sees construction output fall 4.7 per cent in 2023, although from a 'historic' high that surpassed pre-pandemic levels. As a consequence of broader UK economic conditions, the largest falls in construction activity are expected to be in 'sectors most reliant on households such as private housing new build and repair, maintenance and improvement'. This is expected to offset growth in other sectors.
Read the full forecast for a complete breakdown of what's expected.