Construction output could fall by 20%
A new report from the Construction Products Association (CPA) says that construction output is expected to fall by 20 per cent in 2020, despite activity recovering following the coronavirus lockdown.
The return to work seen from May has reportedly largely been to complete existing jobs and refurbishments that could not take place during the lockdown.
The report also said that longer-tern demand and new orders remain uncertain given the state of the wider economy.
CPA economics director Noble Francis said in Building, “There still remains a significant number of long-term uncertainties for the UK economy though, including: unemployment rates as furlough comes to an end, the uptake of homeworking, the potential of a second wave of infection, and the end of the Brexit implementation period in December.
“While next year we anticipate construction output rising 18% overall, it is worth noting that this is compared with a low base of activity in 2020 and will still be 6.4% lower than pre-coronavirus levels.”