Market forecast
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Features
Market forecast: Why firms will feel the pressure in 2024
As we head into the new year, input costs are levelling off – in terms of materials at least – but as new orders become patchier, market competition is rising
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Market forecast: Why margin compression remains a concern
Against a poor economic backdrop, construction output is holding up in every sub-sector except housing. However there are still reasons to be worried.
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Market forecast: Why tender prices are likely to continue rising despite cost inflation easing
The ongoing economic backdrop of elevated interest rates is increasingly impacting construction
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Features
Market forecast: Heading for a fall?
Construction output has been on the up, but can this continue in the face of economic uncertainty? Housebuilding in particular looks set for a fall
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Market forecast: Weathering the storm
The UK is now clearly heading into recession but strong momentum in construction output should help to insulate our sector, despite only slightly slowing cost pressures
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Market forecast: Upward but uneven
As building costs soar, yearly tender price increases are close to double figures – but that should slow next year. And while construction output is still rising overall, there is greater fragmentation
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Market forecast: Into the headwinds
Output has recovered almost to pre-pandemic levels, but optimism is falling in the face of inflation, recruitment challenges and red tape
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Market forecast: The costs of uncertainty
Output is levelling off as the Ukraine war and Chinese covid lockdowns hit confidence. Meanwhile, the same factors are adding inflationary pressures
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Features
Market forecast: Inflation bites
As output rebounds, building costs are soaring at double-digit rates thanks to a variety of inflationary pressures, sending tender prices upwards
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Market forecast: On the up and up
Acute inflation in the sector is pushing up tender prices, and with no end in sight to the pressures, this could continue well beyond 2022
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Market forecast: Bouncing back
Rising demand and tightening supply are driving up both costs and tender prices. How much of this is just a spike rather than an underlying upward economic trend?
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Market forecast: High hopes
While sentiment is high for a recovery, new orders are not fully mirroring this optimism, and a supply crunch is hitting the materials chain hard
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Market forecast: Uncertainty looms
There are signs of an increase in output, but ongoing uncertainty around covid lockdowns and Brexit red tape make the future harder to predict
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Market forecast: A slow recovery
Construction output and sentiment have regained much ground after their collapse amid the initial lockdown, but ongoing uncertainty means recovery is wobbly
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Market forecast: Rising, but for how long?
While the initial bounce-back looks to be V-shaped, there are strong reasons to believe that could change in the medium term as downside risks materialise
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Market forecast: Recovery scenarios
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
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Market forecast: Output rises
New work output expanded in the latest quarter to a year-on-year figure of 4%
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Market forecast: New work grows – just
New work output saw a little expansion in Q2, but, year-on-year, new orders slipped after a minor rebound in Q1 as Brexit uncertainty continues to make itself felt
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Market forecast Q2 2019: Slowing down
All construction work output experienced a fillip in Q1 2019, while tender prices increased over the year at Q2 2019
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Features
Market forecast Q1 2019: Slowing down
Tender prices are likely to rise at a slower rate over the next couple of years, as output wavers and business confidence stays low