Market forecast: Recovery scenarios

CBI Business Optimism Index

Our regular market forecasts on output, activity, costs and tender prices include an analysis of three different scenarios for recovery from the pandemic’s economic impact

01 / Summary

Tender price index ▲

Tender prices increased by just over 2% in the 12 months to Q1 2020. The outlook for tender prices depends on the route out of the coronavirus crisis this year.

Building cost index ▲

A composite measure of building input costs recorded a 1.1% yearly rate of change in Q1 2020. A mixed picture for materials prices remains but labour rates were still increasing over the year.

Consumer prices index ▲

The annual rate of change was 1.5% in March 2020, easing slightly from preceding months. Volatility in CPI forecasts is expected because of the economic shutdowns from coronavirus.

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