Construction Industry Forecasts

Construction Industry Forecasts - Spring 2021

Construction Industry Forecasts - Spring 2021

Construction activity continued throughout the first quarter of 2021, and double-digit growth is forecast this year, according to the Construction Product Association’s latest Spring Forecast published today. With the whole supply chain (architects, consultants, contractors, SMEs, manufacturers and merchants) permitted to operate during the winter lockdown restrictions, activity was not hit as hard compared to the initial lockdown in the first half of 2020 or other sectors of the economy. The CPA forecasts that it will be next year before the industry recovers the output lost in 2020 and returns to 2019 levels, however. 

Read the full press release.