The Construction Product Association’s latest Spring Forecast, published today, paints a mixed picture for the construction industry. On the positive side, the report is predicting that construction output will rise by 12.9% this year (and another 5.2% in 2022). However, it also highlights some significant risks to the sector’s recovery, most notably around shortages and high prices affecting key construction products. Take a look at this week’s blog to find out more about why getting hold of some of these products could prove tricky over the year ahead.
The construction sector continued its trend of recovery during December 2020, thanks largely to a sharp rise in house-building along with strong order books and new business wins on projects that had been deferred since the beginning of the pandemic. While that’s good news, stretched supply chains and delays at UK ports means our industry has simultaneously faced purchasing prices that have risen at a pace not been seen for nearly two years!