Tag: recession

Latest quarterly forecasts from the Construction Products Association (CPA) put construction output growth at minus 0.3% for 2024 – it is a small contraction, but previously the CPA had been predicting a rebound in 2024. On the positive side, the CPA has very slightly adjusted...

Chancellor of the exchequer Jeremy Hunt and his red boxChancellor of the Exchequer Jeremy Hunt has set out government spending plans in his spring 2023 budget but there were no new measures to put fire in the belly of the construction industry beyond the apparently...

The chilly weather in December is reckoned to have inhibited construction activity Monthly construction output in Great Britain saw zero growth in both November and December. December 2022 saw a 0.5% increase in new work on the previous month (offsetting November’s 0.4% fall in new...

Latest forecasts from the Construction Products Association (CPA) show mounting fears for the health of the industry. Six months ago, when Boris Johnson was still prime minister, the CPA was forecasting a 0.4% fall in construction output in 2023. After that Truss/Kwarsi budget, the forecast...

The RIBA Future Trends Workload Index fell by nine points in September to minus 17, the lowest score, outside of lockdown since 2009. Only 16% of practices said they expect workloads to pick up at all in the next three months, while 32% expect them...

The Construction Products Association’s latest state of trade survey, covering the third quarter of 2022, shows that manufacturer’s sales have fallen. And with a slow-down in repair & maintenance work and a fall in public sector spending on construction, further decline is anticipated in the...

Everton's new £500m stadium gave a lift to contract awards in the hotel & leisure sector last monthBarbour ABI’s data reveals that in April 2022 levels of contract awards and planning approvals were down 33% on March. But then it qualifies this with the rider...