CPA Construction Industry Forecasts (Autumn 2023)

Please keep confidential, for internal use only, at your organisation and your members' organisations, until then. In addition, there will be a CPA webinar based on the latest forecasts at 11.00 on Thursday 26 October for CPA Members and your members. Please click here to register for the webinar. SUMMARY Construction output is forecast to fall by 6.8% in 2023, broadly unchanged since the 7.0% forecast three months ago, as activity has largely evolved over the Summer as expected and activity continues to fall away in the two largest construction sectors, private new housing and private housing repair, maintenance and improvement (rm&i). Looking to next year, construction output is now forecast to fall marginally, by 0.3%, which is a revision down from the 0.7% growth forecast in Summer as a slower UK economic growth forecast for next year and high interest rates for longer has led the recovery in private housing new build and rm&i to be pushed back to 2025.

Download the PDF: CPA Construction Industry Forecasts (Autumn 2023).

View the Excel File: Construction Industry Forecasts (Autumn 2023).