Latest IHS Markit/CIPS Data

Following on from trade surveys and the BEIS construction materials price index that have highlighted rising raw materials costs across the construction supply chain, the February purchasing managers index from IHS Markit/CIPS showed construction firms experienced the fastest rise in cost burdens for more than 12 years. Global demand patterns echo those of the pent-up demand and catch-up we are seeing in UK construction since activity restarted in May last year, with spiking demand for timber and steel in particular from across Europe, the US and Asia. In addition, inflationary pressures have been exacerbated by the related impact on shipping and freight costs, container availability and packaging materials. For UK construction, this combines with the longer-running pressures on labour costs at a time when margins have already been compressed by Covid-related expenses.




The Construction Products Association is the leading organisation that represents and champions construction product manufacturers and suppliers. Our industry directly provides jobs for 373,000 people across 24,000 companies and has an annual turnover of £61 billion.

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Matt McKeown, Senior Communications Executive 

Other March Posts

Joint statement on product availability from the BMF and CPA

Builders and builders’ merchants alike are being adversely affected by limited availability in a number of important product groups. The continuing impact of Covid is one of several factors behind the shortages and price increases but the overall picture is more complex.

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