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CPA Reaction to the Chancellor's Autumn Statement 2023

Commenting on today’s Autumn Statement, CPA Economics Director, Noble Francis, said: "With one eye on the General Election next year, this was always likely to be an Autumn Statement primarily aimed at helping working households and businesses."

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CPA Submits Representation for Autumn Statement

The Construction Products Association (CPA) has submitted its representation for the Autumn 2023 Budget. In our letter to the Chancellor of the Exchequer, we offered some possible measures with both construction and manufacturing in mind. Our ‘asks’ ahead of the Budget are listed and continue in further detail in our letter.

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Construction Product Manufacturing Costs Ease but Sales Growth Remains Mixed

The Construction Products Association’s latest State of Trade Survey for 2023 Q2 showed a continued split in performance in construction product manufacturing industry. Heavy side manufacturers’ sales decreased for a fourth consecutive quarter whereas sales from light side producers registered another quarterly increase, adding to a run of growth that began in 2020 Q3. Forward-looking sales expectations suggest these varied fortunes will persist over the next 12 months.

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