Construction Industry News – Early May 2025
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The Construction Products Association is predicting modest growth for the industry this year and stronger growth for 2026 but admits no great certainty in its forecasts given world events.
There is not much trade in building materials between the UK and the USA, so President Trump’s tariffs are unlikely to have much direct impact on UK construction activity. But the wider impact on global business confidence and economic prosperity is expected to act as a drag on all industrial sectors.
With this in mind, the Construction Products Association’s has published its 2025 Spring Forecasts based on the exclusion of the potential impacts of US tariffs.
