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UK Construction output to drop by 4% in 2023 due to the economic disruption

UK Construction output to drop by 4% in 2023 due to the economic disruption

Posted on November 21, 2022   |  

In the summer, the Construction Products Association (CPA) predicted a 0.4% decline in output in 2023 which has now been revised to a fall of 3.9% due to the effects of wider economic recession and political uncertainty.

The uncertainty in the UK economy indicates that demand for private housing new build and private housing repair, maintenance, and improvement will fall.

Commercial and infrastructure sectors are also likely to have an impact from construction price inflation.

The UK economy is expected to be in recession, which will also lead the construction industry into a recession.

The biggest effects will be on private housing and private housing rm&i, as they are reliant on households.

Private housing repair and maintenance output has been falling since March 2022 and is likely to fall by 4% overall and will continue its decline next year by dropping 9%.



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