Trade body the Construction Products Association (CPA) has published an amended 2018 forecast for the industry, suggesting the sector will expand just 0.7% in 2018. This is the slowest growth rate in six years and a significant downgrade to its previous estimate of 1.2%.
Commenting on the figures, Shraga Stern, Director of construction firm, Decorean, said:
“We do not share the expectation of a slower year. In fact, we predict that 2018 will be a bumper twelve months for the industry. Not only will housebuilding remain top of the agenda – with the need for housing always rising – but with significant infrastructure projects set to take place, as well as the increase in maintenance and conversion work, we are surprised to read these downward expectations. We are confident not just because of what we see in the wider industry, but also looking at our own pipeline of work.”