Market forecast: Rising, but for how long?

By Michael Hubbard2020-08-13T05:00:00

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

01 / Summary

Tender price index ▲

Tender prices increased by just over 2% in the 12 months to Q2 2020. The outlook for tender prices is linked to the fallout from coronavirus lockdown but downside risks are higher.

Building cost index ▼

A composite measure of building input costs fell by 3.2% over the year to Q2 2020. Labour rates slipped significantly but have rebounded quickly as site activity picked up.

Consumer prices index ▲

The annual rate of change was 0.6% in June 2020. The lockdown brought significantly lower consumer activity and demand, and the current inflation rate remains well below its 2% target.

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