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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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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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Mixed Performance for Construction Product Manufacturing in Q1

The Construction Products Association’s latest State of Trade Survey for 2023 Q1 highlighted the continued mix of fortunes in the construction product manufacturing industry. For a third consecutive quarter, a fall in sales for heavy-side producers contrasted with continued growth for manufacturers on the light side. Forward-looking sales expectations improved, however, but the strength of demand in construction remains the key concern for sales over the next 12 months.

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