UK construction sector is facing mounting pressure over Iran conflict warns BCIS
One hundred days after the outbreak of conflict in Iran, the UK construction sector is facing mounting pressure from rising energy costs, persistent inflation and weakening demand, according to analysis by the Building Cost Information Service (BCIS).
While the conflict initially impacted commodity markets, its effects are now spreading more widely through the economy, creating challenges for construction firms, clients and investors alike.
Dr David Crosthwaite, BCIS chief economist, said: &ldqu
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