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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.

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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.

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CPA Submits Representation for Spring Budget 2023

The Construction Products Association (CPA) has submitted its representation for the Spring 2023 Budget. In our letter to the Chancellor of the Exchequer, we offered some possible measures with both construction and manufacturing in mind. Our ‘asks’ ahead of the Budget are listed below and continue in further detail in our letter.

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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%.

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