Output from the construction sector is set to fall next year, according to new data, with legal professionals warning that squeezed profit margins could lead to more insolvencies and supply chain disputes. Forecasts from the Construction Products Association show that output overall is set to fall by 3.9% in 2023; a sharp downward revision from the -0.4% it predicted this summer.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.
Subscribers to the printed magazine get access to the entire Construction law website.