Chancellor Jeremy Hunt highlighted “stability, growth and public services” as the three main priorities of his Autumn Statement 2022. For construction product manufacturers, as well as the wider construction industry, the announcements made under the ‘growth’ priority will perhaps be most pertinent.
Read moreConstruction output is forecast to fall by 3.9% in 2023 following a rise of 2.0% in 2022, as activity currently continues at a high level. The fall for 2023 is a sharp downward revision from -0.4% in the Lower Scenario of the CPA’s Summer Forecasts. This is mainly due to the impact of a wider economic recession, exacerbated by the effect of the ‘Mini Budget’, and the consequent fallout from recent political uncertainty.
Read moreA two-year run of sales growth for construction product manufacturers ended in Q3, with heavy-side manufacturers reporting the first decline since activities were stalled by the nationwide Covid-19 lockdowns in 2020 Q2.
Read moreConstruction Growth Expected to Slow Despite Buoyant Infrastructure and Warehouses Activity.
Read moreThe CPA publishes its members' latest findings through the State of Trade Survey for the second quarter of 2022.
Read moreInflation can be seen throughout the supply chain, starting with manufacturers’ input prices, and is particularly acute for energy-intensive heavy side firms, whilst data from BEIS has shown year-on-year increases of over 20% in construction products and materials prices since August 2021. It is, therefore, no surprise that materials were the key driver of SME builders’ costs in Q1.
Read moreIn its latest quarterly forecast, The Construction Products Association (CPA) forecasts that output in the industry will grow by a robust 4.3% in 2022, slowing to 2.5% in 2023 compared to the 13.3% seen in 2021. This demonstrates the remarkable resilience of the sector to the initial Covid-19 lockdown and the end of the Brexit transition period in 2020.
Read moreThe construction products manufacturing sector expanded for a fifth consecutive quarter in 2021 Q3, according to the latest Construction Products Association’s State of Trade Survey. This is despite escalating cost pressures and ongoing issues on the supply side that have been further exacerbated by a shortage of HGV drivers and disruption at major ports.
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