Construction output forecast to fall 2.1% this year https://t.co/rJn4yl8Pi5 #constructionnews #construction #businessnews pic.twitter.com/v5y2beoXFz
— Construction Index (@TCIndex) January 29, 2024
According to the Construction Products Association (CPA) Winter Forecasts, published today, construction output is forecast to fall by 2.1% this year...Six months ago the CPA was forecasting 0.7% growth for UK construction output in 2024. Three months ago, it changed this to a 0.3% contraction. That it is now forecasting a 2.1% contraction represents a significant further deterioration in sentiment.
A dozen construction firms going bust every day https://t.co/3xzgw8zjGj
— Construction Enquirer (@ConstructionEnq) January 29, 2024
