Ukraine invasion will see tender prices rise as energy costs rocket, Mace warns

By Daniel Gayne2022-03-18T07:00:00

Source: Shutterstock

2022 output likely to take hit despite strong first quarter

Increased energy costs are likely to have an adverse impact on construction output in the year ahead, Mace has warned.

The company’s Market View report found that 2021 ended with robust growth in November and December. But higher energy and material costs, coupled with rising interest rates, could see that trend reversed in the coming year.

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