Specification Magazine

February 2022

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3 Welcome Welcome I n its latest quarterly forecast, The Construction Products Association (CPA) forecasts that output in the industry will grow by a robust 4.3% in 2022, slowing to 2.5% in 2023 compared to the 13.3% seen in 2021. This demonstrates the remarkable resilience of the sector to the initial Covid-19 lockdown and the end of the Brexit transition period in 2020. Housebuilding, the largest sector within the UK construction industry, is expected to remain buoyant while infrastructure will be the major driver for growth. Projects already underway in all sectors give great confidence for the forecast figures. Product supply issues, a major challenge in 2021, have eased recently, but may still cause problems, particularly in the peak spring period and particularly for smaller building companies. While supply issues have eased off over the past six months, the CPA still considers these to be the biggest challenge to overall growth. Questions over sufficient materials, products, labour, HGV drivers and imports will be at the forefront of industry minds. These challenges are not spread equally across the sector, with smaller specialist sub-contractors feeling the pressure more. Noble Francis, CPA Economics Director, offered this insight into the supply chain issues: "Major house builders and main contractors are less affected as they have better visibility of medium-term demand and can plan and purchase well in advance; plus, they are the larger customers of the manufacturers, builders' merchants and importers. "Smaller firms, however, have found that availability issues have delayed projects and, consequently, revenue streams whilst sharp cost increases have hit margin, harming their viability even though they have strong workloads. Overall, the latest indications are that supply issues have eased recently, which is a positive sign, although it is still early in the year and before industry activity tends to ramp up in the Spring." Enquiry 2 Paul Groves || Group Editor Construction set for growth despite potential supply issues Choose from the full range of garage doors. Visit us online at www.garador.co.uk Precision Engineered and Fully Insulated Sectional Garage Doors CALL 01935 443722 TO DISCUSS YOUR PROJECT 42mm fully insulated door sections (U = 1.30 W/m 2 K). 1 2 Rubber seals on sides, floor and fascia of door. 3 Full drive-through width and height. 1 3 2 2 NEC 24th - 27th March Stand B147

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