Equals Tender Price Inflation Report (London) – Q1 2023
The latest issue of our inflation report is now available to view.
- Inflation associated with the cost of materials shows signs of easing, but the lack of skilled labour remains a concern.
- Insolvencies continue to increase in the industry, with a further high anticipated in 2023.
- Threat of a recession is receding; however, construction output stagnated in December, with 0.0% growth, followed by a 1.7% contraction of growth in January 2023.
- Tender Price Inflation forecasts anticipate a slowing of the inflation rate compared to 2022.