Tag Archives: recession

The UK has entered a recession with gross domestic production (GDP) shrinking by 0.3% in the final three months of 2023, which followed a 0.1% contraction in the July-September period – according to the Office for National Statistics. The news comes at bad time for builders’ merchants as construction output …

Construction output is forecast to fall by 2.1% this year thanks to falls in the two largest sectors, namely private housing new build and repair, maintenance and improvement. According to the latest forecasts from the Construction Products Association output will then rise by 2.0% in 2025 in line with falling …

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. …