UK construction products slow
Publish Time: 2018-01-10 Origin: Site
The construction product manufacturing industry in the UK is expected to slow this year, the State of Trade Survey for the fourth quarter of 2017 by the UK’s Construction Products Association (CPA) has forecast.
The CPA said the survey results for the £56.5 billion (€63.92 billion) sector showed activity was expected to weaken this year as inflation continued to rise, economic growth slowed, and the UK’s post-Brexit deal still remained unclear.
It said it was likely the first half of 2017 had been a peak for the industry, with the survey reporting early signs of activity slowing in the final three months of 2017. It added that construction product manufacturers were envisaging a broader softening in market conditions during 2018.