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Construction activity continued throughout the first quarter of 2021, and double-digit growth is forecast this year, according to the Construction Product Association’s latest Spring Forecast published today. With the whole supply chain (architects, consultants, contractors, SMEs, manufacturers and merchants) permitted to operate during the winter lockdown restrictions, activity was not hit as hard compared to the initial lockdown in the first half of 2020 or other sectors of the economy. The CPA forecasts that it will be next year before the industry recovers the output lost in 2020 and returns to 2019 levels, however.
The full impact of Covid-19 on the UK economy is expected to spell uncertainty for the construction industry according to the Construction Products Association’s (CPA) latest forecasting, despite the government putting the industry at the front and centre of its recovery plans. Potential structural changes to the UK economy brought on by the pandemic, as well as uncertainty around consumer confidence and unemployment rates, could prove significant to construction activity returning to pre-Covid growth rates.
The CPA’s Construction Trade Survey brings together results from surveys of building contractors, specialist contractors, civil contractors and product manufacturers. It provides a pan-industry assessment of current and expected conditions.
The CPA's Construction Trade Survey brings together results from surveys of building contractors, specialist contractors, civil contractors and product manufacturers. It provides a pan-industry assessment of current and expected conditions.