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Construction output is currently very buoyant and is forecast to rise by 13.7% in 2021 and 6.3% in 2022, according to the Construction Products Association’s latest Summer Forecast published today. This positive outlook comes despite the dual constraints of shortages and sharp cost rises in both imported construction products and skilled labour over the next 12 months. Infrastructure and private housebuilding are expected to be key drivers of construction growth in 2021 and 2022, while the outlook for the commercial sector remains subdued.
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 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.