News

Falling Demand Hits Construction Product Manufacturers’ Sales

The Construction Products Association’s latest State of Trade Survey for 2023 Q4 showed that manufacturers ended last year with a further fall in construction product sales on both the heavy side and light side – the sixth consecutive quarter of decline for heavy side manufacturers and the second fall for those on the light side.

Construction Hit By House Building Recession

According to the Construction Products Association’s Winter Forecasts, published today, construction output is forecast to fall by 2.1% this year due to falls in private housing new build and repair, maintenance and improvement (rm&i) - the two largest construction sectors.

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.