Construction to drop by a quarter this year
The Construction products Association (CPA) has said it expects total construction output in the UK could drop by 25 per cent in 2020. This would be the sharpest fall ever recorded.
The coronavirus crisis and lockdown measures would be the main cause of the drop, with 60 per cent of planned construction output lost in April.
The prediction is based on one of several economic scenarios calculated by the CPA to assess the impact of the COVID-19 crisis.
The CPA’s economics director, Noble Francis, said: “The greatest impacts of the lockdown in construction were seen in the private housing sector.
“Returns to site in May will focus on partially completed developments rather than new starts as house builders are expected to be very cautious given uncertainty regarding demand.”