Slowdown starting to hit as cost pressures ratchet up

By Dave Rogers2022-05-03T09:41:00

Source: Shutterstock

CPA spring forecast see growth pared back

The brakes on growth are beginning to emerge, with the slowdown being blamed on a host of issues such as the war in Ukraine, labour and product availability and the impact of the reverse VAT charge.

In its latest quarterly forecast, the Construction Products Association (CPA) said growth would come in at 2.8% in the second quarter – down from the 4.3% growth forecast just three months ago.

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