Construction output expected to slow

By Emily Twinch2022-07-25T14:37:00

CPA downgrades forecasts for this year and next as inflation and lower growth take their toll

Construction growth is expected to be hit by rising costs and falls in investment despite output being well above pre-pandemic levels and buoyant activity in some sectors.

The Construction Products Association said activity is “robust”, with output 20% higher than before covid-19, but warned it was not “immune to the effects of the wider economy”.

The UK’s construction output is expected to rise 2.5% in 2022 and 1.6% in 2023.

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