CPA Construction Industry Forecast 2023-2024 (Winter 2022/23)
Date Published
Document Type
Audience
Theme
Author
Construction output is forecast to fall by 4.7% in 2023, although notably from a historic high after two years of growth that raised activity to levels higher than prepandemic. The industry is not immune to the effects of a wider UK economic recession, falling real household incomes and rising interest rates. As a result, the largest falls in construction activity are expected to be in sectors most reliant on households such as private housing new build and repair, maintenance and improvement, which are expected to offset continued growth in infrastructure and industrial.
- Construction output falls by 4.7% in 2023 before growth of 0.6% in 2024
- Industrial output to rise by 2.3% in 2023 before falling by 4.6% in 2024
- Infrastructure output to increase 2.4% in 2023 and 2.5% in 2024
- Private housing output falls by 11.0% in 2023 and by 1.0% in 2024
- Private housing repair, maintenance and improvement to fall by 9.0% in 2023 before growth of 1.0% in 2024
I'm interested in:
Latest resources
Case studies
The new visitor and education centre at Brockholes Wetland and Woodland Nature Reserve near Preston is set on a floating ‘island’ on a lake. The design, by Adam Khan Architects, won an RIBA competition and was inspired by the now-destroyed magical landscape of the Marsh Arabs in Southern Iraq, recorded by the anthropologist Wilfred Thesiger in the 1950s
The shell is formed of flat polygonal plywood panels, connected at the edges with hinges and faceted to form a dramatic curved shape. The name derives from the panel shapes which mimic the pattern of a giraffe’s colouring.