CPA sets out sharp downwards revision of construction output forecast

By Daniel Gayne2022-11-07T07:00:00

Private housing output to drop 9%

The Construction Products Association has sharply downgraded its forecast for construction output next year in light of the economic chaos that followed September’s mini-budget.

In the summer the body predicted a 0.4% decline in output in 2023, but this has now been revised to a fall of 3.9%, accounting for the impacts of wider economic recession and political uncertainty.

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