24 April 2019

CPA updates: ‘Growth continues and sales optimism for year ahead’

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TRADA members can now download the State of Trade Survey 2019 Q1 for free from the TRADA website.

 

These documents are made available from the Construction Products Association (CPA) and are intended to provide information, analysis and forecasts covering all aspects of the construction sector, providing you with insight about the industry.

 

The highlights have been shared below.

 

State of Trade Survey 2019 Q1 – Key points

 

  • 46% of construction product manufacturing firms, on balance, reported that sales rose during the first quarter of 2019.
  • 58% of heavy side product manufacturers and 68% of light side product manufacturers reported that they anticipated sales rising over the coming year.
  • Cost increases were reported by 77% of heavy side manufacturers and 59% of those on the light side.
  • Raw materials, fuel and wages & salaries were the key drivers of cost inflation in Q1.
  • Capital investment intentions for structures and plant & machinery were muted, however, notably on the heavy side.