CPA State of Trade Survey 2022 Q3

Date Published

19 October 2022

Document Type

Category

Audience

Author

TDUK
Summary

Construction product manufacturers experienced mixed fortunes in Q3. On the heavy side, a balance of 12% of manufacturers reported a decline in sales compared to Q2, ending a run of two years of growth. For light-side firms, growth in sales was reported by 17%, on balance, which matches Q2 as the weakest balance in two years since the first nationwide lockdown in 2020 Q2. Looking to the next quarter, 47% of heavy side firms and 13% on the light side anticipate a fall in sales in Q4.

Key Information
  • 12% of heavy side firms reported that sales fell in Q3, the first quarterly fall since pandemic-related restrictions in 2020 Q2.
  • Both heavy side and light side manufacturers, anticipated a decline in sales over the next 12 months, on balance.
  • Inflationary pressures showed signs of easing but remained high for fuel and energy.
  • Demand was cited as the factor most likely to constrain output in the year ahead.
  • Hiring intentions softened for light side manufacturers and remained weak for the heavy side.

Case studies

Focus House is something of an anomaly in its setting of a traditional Victorian London terrace, its zinc envelope contrasting markedly with the beige Victorian brick work of its environs.

The Royal Botanic Garden, established in 1670 as a physic garden, is now a worldrenowned centre for plant science, research
and education.