Members Only Content

CPA Reaction to the Chancellor's Autumn Statement 2023

Commenting on today’s Autumn Statement, CPA Economics Director, Noble Francis, said: "With one eye on the General Election next year, this was always likely to be an Autumn Statement primarily aimed at helping working households and businesses."

Construction Recession Set to Hit Industry Until 2025

Construction Product Manufacturing Costs Ease but Sales Growth Remains Mixed

The Construction Products Association’s latest State of Trade Survey for 2023 Q2 showed a continued split in performance in construction product manufacturing industry. Heavy side manufacturers’ sales decreased for a fourth consecutive quarter whereas sales from light side producers registered another quarterly increase, adding to a run of growth that began in 2020 Q3. Forward-looking sales expectations suggest these varied fortunes will persist over the next 12 months.

CPA Publishes Summer Forecast 2023

CPA Summer Forecasts indicate a recession in the construction sector.

Housing and Infrastructure Drive Downgrade to Construction Output Forecast

In our Spring Forecasts, we see predict a fall in construction output after record-high levels of activity in 2023.

Mixed Performance for Construction Product Manufacturing in Q1

The Construction Products Association’s latest State of Trade Survey for 2023 Q1 highlighted the continued mix of fortunes in the construction product manufacturing industry. For a third consecutive quarter, a fall in sales for heavy-side producers contrasted with continued growth for manufacturers on the light side. Forward-looking sales expectations improved, however, but the strength of demand in construction remains the key concern for sales over the next 12 months.

The CPA Responds to the Chancellor's Spring 2023 Budget

CPA response to The Rt Hon Jeremy Hunt MP Spring 2023 Budget.

Mixed Performance for Construction Product Manufacturing Heading into 2023

The Construction Products Association’s latest State of Trade Survey for 2022 Q4 revealed a quarter of mixed fortunes for the construction product manufacturing industry. Performance was split between a decline in sales for heavy-side producers and continued growth for manufacturers on the light side. Furthermore, manufacturers expect these dynamics to persist in 2023, with new build starts affected by economic uncertainty but refurbishment and activity for energy-efficient retrofit continuing apace.

CPA Forecasts Recession in Construction for 2023

The construction industry is expected to endure a recession this year after two strong years for the industry. According to the Construction Products Association’s Winter Forecasts, construction output is expected to fall by 4.7% in 2023 before recovering slowly in 2024 with growth of just 0.6%.