The latest industry forecasts for construction activity are, as expected, much gloomier than they were as recently ago as last autumn. Both Experian and the Construction Products Association (CPA) have trimmed expectations for growth in construction output for this year and next. Experian is estimating a drop of 8.5% for last year on current data followed by a 3.5% drop this year, while the CPA is expecting a fall of 8.8% for 2012, and 2.2% for 2013.
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