Construction Outlook: what's next for the industry? - September 2024 - BCIS Webinar

As we move into the autumn/Q3 there are certainly reasons to be optimistic. The reduction of the base rate to 5% indicates inflationary pressures are easing and should make the UK more attractive to private investors - an essential ingredient for supporting construction and growth in the economy. Cost inflation has also cooled across the board, compared to where prices have been in the last couple of years, with signs of recovery in the housing sector and output growth expected in the sector from 2025.
Our chief economist, Dr David Crosthwaite, provides the latest outlook for construction.