ONS figures published today show that construction output in January fell by 0.4% but rose by 2.0% compared with one year earlier. In addition, new orders in Q4 were 2.8% lower than Q3 and flat compared to a year ago.
Chancellor Philip Hammond delivered his first Spring Budget earlier today but anyone seeking major announcements are likely to be disappointed, as perhaps the government could be seen to be waiting for a post-EU landscape.
LEXiCON will be a world-first in providing industry with a plain language dictionary to share product data consistently. Construction Products Association Deputy Chief Executive and Policy Director, Peter Caplehorn, provides an update on the status of the project.
Construction output is expected to grow by 0.8% in 2017, 0.7% in 2018 and 2.2% in 2019 according to the latest forecasts by the Construction Products Association (CPA). Whilst the forecast shows that the industry will maintain its post-Referendum momentum, it also masks a considerable variation in fortunes across the key construction sectors.