CPA slashes construction forecasts over Brexit uncertainty

By Hamish Champ2019-01-21T06:00:00

Silver lining of a ‘no deal’ may be work on expanding ports and new warehousing for stockpiling goods

The Construction Products Association has slashed its forecasts for the industry’s output in the next two years, pointing the finger of blame squarely at uncertainty around Brexit.

Six months ago, the CPA forecast that construction output would rise by 2.3% during 2019 but in gloomy new winter forecasts this positive outlook has collapsed, with activity expected to increase by a mere 0.3%, rising to 1.6% next year.

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