Construction output predicted to fall by 3.3%, NAPIT urges caution with plug-in solar and equipment theft costing firms nearly £10 million a year
Construction output is expected to fall by 3.3% as the impact of the Middle East conflict seeps through to the economy — that’s according to a forecast from the CPA.
The drop is primarily the result of a weakening in the ‘new build’ private housing and the repair and maintenance sectors.
Overall, private housing output is forecast to plummet 10% in 2026.
The trade body also predicted a spike in product prices across the second half of the year, and further additional regulatory costs, such as the Building Safety Levy.
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Legislation passed this week will mean that plug-in solar panels can be sold from the end of August.
Although big retailers like Aldi, B&Q and Screwfix have plans to stock the panels, trade bodies are urging caution.
NAPIT advised consumers to consult a qualified electrician if there was any doubt about their use of plug-in solar
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Equipment theft is costing medium-sized organisations without asset tracking nearly £10 million a year.
The report from Samsara, suggested that a quarter of new equipment budgets were being spent replacing stolen kit.
The survey of firms from construction, logistics and utilities estimated that 71% of businesses were hit by thieves every quarter.
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