Market forecast: The costs of uncertainty

Monthly new work output

Output is levelling off as the Ukraine war and Chinese covid lockdowns hit confidence. Meanwhile, the same factors are adding inflationary pressures

01 / Summary

Tender price index

Tender prices rose by 8.4% over the 12 months to Q1 2022. Elevated rates of price inflation will continue in 2022, as acute input cost pressures afflict the economy and construction sector.

Building cost index ▲

A composite measure of building input costs increased by 9.6% over the year to Q1 2022. Inflation trends are pervasive across global, domestic and local supply chains.

Consumer prices index

The consumer prices index rose by 7% in the 12 months to March 2022, the greatest rate of change in 30 years. Consumer price inflation is set to remain high for some time.

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