Market forecast: Uncertainty looms

By Michael Hubbard2021-02-12T05:00:00

There are signs of an increase in output, but ongoing uncertainty around covid lockdowns and Brexit red tape make the future harder to predict

01 / Summary

Tender price index ▼

Tender prices fell by just over 1% in the 12 months to Q4 2020. Pricing variability has increased, which is to be expected in a market seeing more competition.

Building cost index ▲

A composite measure of building input costs increased by 1.1% over the year at Q4 2020. Almost all materials classifications increased in cost, reflecting firm demand and inflationary pressures from Brexit.

Consumer prices index ▲

The 12-month rate of change was 0.6% in December 2020. Ongoing lockdown covid restrictions contributed to lower consumer activity and demand.

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