Tag Archives: recession

The construction industry is expected to see a recession this year after two strong years, according to the latest Construction Products Association’s Construction Industry Forecasts. Construction output is expected to fall by 4.7% in 2023 before recovering slowly in 2024 with growth of just 0.6%. Private housing new build, the …

The UK’s construction sector recorded a fall in activity in December 2022, with the rate of decline the fastest since May 2020. New orders fell at the fastest rate for over two-and-a-half years and optimism for the year ahead dipped into negative territory for only the sixth time on record. …