T&T predicts ‘stubbornly high’ inflation as high interest offsets dropping demand

By Daniel Gayne2023-09-11T12:10:00

Consultant warns firms not to abandon long-term strategies

High borrowing costs, labour shortages and high material costs are conspiring to cancel out the deflationary effects of dropping demand, according to Turner & Townsend.

Despite construction new orders settling 10.9% below pre-pandemic levels, the consultant stuck to the tender price inflation forecasts it made in its last market intelligence report.

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