Construction forecast to fall by nearly 4% next year

Construction output is now expected to fall by 3.9% in 2023 after economists at the Construction Products Association sharply downgraded forecasts
The big downward revision from -0.4% forecast in the summer is mainly due to the impact of a wider economic recession, exacerbated by the effect of the ‘mini Budget’, and the consequent fallout from recent political uncertainty.
The wider uncertainty around the UK economy means that demand for private housing new build and private housing