Construction output is expected to fall by 25% during 2020, says the Construction Products Association.
NEWS: Construction Output sees Sharpest Fall on Record from Covid-19— Construction Products Association (@CPA_Tweets) May 26, 2020
Our latest Construction Industry Scenarios are available now
Read the full press release here: https://t.co/IQMkGLucAA pic.twitter.com/07ISplG3mk
Earlier this month, the Minerals Products Association – the trade body representing Aggregate Industries and others – reported that demand for aggregates, asphalt, ready-mixed concrete and mortar had declined even before the impact of Covid-19. In the South West, "surfacing works were particularly hit by exceptional rainfall throughout February."
Looking forward, the MPA says:
Weak underlying market demand for heavy-side building materials at the start of the year, combined with construction sites closures, are having a significant impact on mineral products businesses with an even weaker and more uncertain outlook for the rest of 2020
MPA CEO Nigel Jackson commented:
It has been as torrid a time as any of us can remember. Just as optimism was increasing with Brexit uncertainty lifting, the combination of flooding and COVID-19 has knocked the economy for six. We are down to around 10 to 20% of normal capacity...
In Lincolnshire, CEMEX has mothballed a cement plant with the loss of around 100 jobs, a decision that "has not been influenced by the current coronavirus pandemic."
