As the year closed, sales volumes of primary aggregates (crushed rock and sand & gravel) in Great Britain had fallen by 8.2% on an annual basis in 2022, asphalt fell by 6.5% and ready-mixed concrete by 3.8%, according to the latest quarterly survey by the MPA. Excluding the anomaly due to Covid in 2020, these are the fastest rates of decline recorded since 2012 for aggregates and asphalt, and the second fastest rate of decline for ready-mixed concrete.
RED FLAG: UK producers of #aggregates, #asphalt and #concrete had a challenging end to 2022. Weakness in the market for these heavy-side materials is a red flag for the wider #construction sector.
— Mineral Products Association (@MineralProduct) February 9, 2023
Full story:https://t.co/CkboQ4cU56#economy2023 #budget2023 #essentialminerals pic.twitter.com/2uJs38CABc
