Market forecast: Into the headwinds

shutterstock_648164308

Output has recovered almost to pre-pandemic levels, but optimism is falling in the face of inflation, recruitment challenges and red tape

01 / Summary

Tender price index â–²

Tender prices rose 9% over the 12 months to Q2 2022. Elevated price inflation will continue for the rest of 2022, as an enduring mix of supply-side factors affect the economy and the building sector.

ºÃÉ«ÏÈÉúTV cost index â–²

A composite measure of construction input costs increased by 11.4% over the year to Q2 2022. High inflation is set to remain part of the commercial picture for some time.

Consumer prices index â–²

The consumer prices index rose by 9.1% in the 12 months to May 2022. This is the highest annual rate in 40 years.

Read more …

This is PREMIUM content, available to subscribers only

You are not currently logged in. Subscribers may LOGIN here.

to access this story

Gated access promo


A subscription will provide access to the latest industry news, expert analysis & comment from industry leaders,  data and research - including our popular annual league tables. You will receive:

  • Print/digital issues delivered to your door/inbox
  • Unlimited access to building.co.uk including our archive
  • Print/digital supplements
  • ºÃÉ«ÏÈÉúTVletters - unlimited access to the stories behind the headlines

now 

 

Get access to premium content