Construction output to fall 4.7% this year, says CPA

By Daniel Gayne2023-01-30T11:15:00

Source: Shutterstock

Predicted drop in new build housing only partially offset by infrastructure growth

Construction is set for recession this year with output set to fall 4.7% according to the Construction Products Association’s (CPA) winter forecast.

Private housing new build and private housing repair, maintenance and improvement – the largest and third largest construction sectors – are set to be the worst affected, with falls in these areas partially offset by continued growth in infrastructure.

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