Market forecast: Heading for a fall?

By Michael Hubbard2023-04-19T06:00:00

Construction output has been on the up, but can this continue in the face of economic uncertainty? Housebuilding in particular looks set for a fall

01 / Summary

Tender price index ▲

Tender prices increased by 10.7% in the 12 months to Q1 2023. Price inflation trends remain firm, as momentum in activity and input cost inflation stays elevated.

Building cost index ▲

A composite measure of building input costs increased by 7.4% over the year to February. A slower rate of input cost inflation is evident, although it is still elevated by historical measures.

Consumer prices index ▲

The consumer prices index rose by 10.4% in the 12 months to February 2023. Consumer price inflation surprised to the upside again in the latest data release.

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