Construction Output Expected to Fall Significantly in 2023

Construction output is forecast to fall by 3.9% in 2023 following a rise of 2.0% in 2022, predicts the Construction Products Association.  This is an important development given the number of self-employed people in construction, plus the sector is often an indicator of the UK’s overall financial health.  The fall predicted for 2023 is a […]

Latest Construction Figures Early Indicator of Recession

Construction output fell by 1.4% in June, which compared with 1.8% growth in May gives a difference month to month of -3.2%.  Before this abrupt drop, there had been 7 months of steady growth in construction output, so these latest figures are alarming. The decrease in the volume of monthly construction output in June came […]