Construction Industry Forecast - Winter 2021/22
26 January 2022
Construction output is forecast to rise by 4.3% in 2022 and 2.5% in 2023
The Construction Products Association (CPA) has revised construction output growth up for 2021 from 13.7% to 14.3% since its previous Forecasts, but also revised down growth for 2022 from 6.3% to 4.8% in 2022. With more buoyant demand so far in 2021, supply chain constraints are expected to hinder growth over the remainder of the year and into 2022. There is real doubt as to whether there is sufficient capacity in the whole construction supply chain to enable demand. Skills shortages, product availability and cost inflation, HGV driver shortages, the impacts of energy cost rises, and delays at ports are all expected to make up an unprecedented number of constraints on growth for the months ahead.
