Construction Industry Forecast - Spring 2022
04 May 2022
In its latest quarterly forecast, the Construction Products Association (CPA) sees a dramatic slowing in growth, with uncertainty ahead as global issues start to affect the UK market.
Key points include:
- Construction output rises 2.8% in 2022 and 2.2% in 2023
- Infrastructure output to increase 8.8% in 2022 and 4.6% in 2023
- Private housing starts rise 1.0% in both 2022 and 2023
- Commercial output to rise 5.2% in 2022 and 2.8% in 2023
- Industrial output to rise by 9.8% 2022 and 9.3% in 2023
- Private housing repair, maintenance and improvement to rise by 3.0% in 2022 and 4.0% in 2023
