The new Labour Government is focused on growth, but the insight within the Construction Forecast Bulletin 2025 Edition from AMA Research part of Barbour ABI suggests this will be at a slow rate. The economy has barely expanded since Labour took charge in July and business leaders have been critical of the changes announced in the Autumn budget, especially with regard to employment taxes.
Economic stability, focused investment and strategic long-term vision are required to face the challenges of net zero and to take advantage of greater digital connectivity. However, the global economic outlook and political instability bring substantial uncertainty to future forecasts.
The forecasts do show a stronger recovery in 2025, followed by steady increases over the next few years.
The report provides a review of:
• Construction output across all major sectors from 2020 to 2023
• The current view on 2024 output (based on Q1-Q3 published data and the current orders pipeline to estimate Q4 performance)
• Forecasts for 2025-2028 (based on an analysis of sector trends, orders, spending commitments and government and industry priorities).
It aims to provide the clearest view of the future of your industry on the market and provide the reader with the insight needed to confidently steer towards stronger results and prepare for when the worst may be coming.
To get the Construction Forecast Bulletin visit: https://tinyurl.com/3mdm7t92
