Surveys from across the construction supply chain show a more encouraging performance in the first quarter of 2023 after an uncertain end to 2022, according to the latest Construction Trade Survey from the Construction Products Association (CPA).
However, the CPA notes this rise is from a low point and net balances remain muted which, in turn, points to only a cautious pickup for the industry, as the economy still struggles to gain momentum in the light of high rates of inflation and limited growth.
The CPA’s Construction Trade Survey brings together results from surveys of building contractors, specialist contractors, civil contractors and product manufacturers. It provides a pan-industry assessment of current and expected conditions.
Members can read the full CPA report here.