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The Construction Products Association’s latest State of Trade Survey indicates that, following a relatively good first quarter of the year, product manufacturers suffered from a slowdown in sales in Q2 and are extremely concerned about demand going forward.
The latest ONS construction figures released today show that construction output in April fell by 13% compared to March and was 9% lower than the same month one year earlier. Furthermore, ONS also revised the contraction in construction output during Q1, for the third time, to -4.9%.