By Michael Hubbard2020-05-15T06:00:00
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
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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