Market forecast: A slow recovery

By Michael Hubbard2020-11-23T05:00:00

Construction output and sentiment have regained much ground after their collapse amid the initial lockdown, but ongoing uncertainty means recovery is wobbly

01 / Summary

Tender price index ▲

Tender prices remained broadly static over the 12 months to Q3 2020, with just a 0.6% increase. Downside risks to future trends are notably higher because of first and second wave pandemic effects, and Brexit in the new year.

Building cost index ▼

A composite measure of building input costs fell by 1.9% over the year at Q3 2020. Second quarter to third quarter changes showed a range of materials classifications increasing in cost though.

Consumer prices index ▲

The annual rate of change was 0.5% in September 2020. Enduring lockdown impacts contributed to lower consumer activity and demand.

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