MARKET FORECAST RISING, BUT FOR HOW LONG?

摘要

Tender prices increased by just over 2% in the 12 months to Q2 2020. The outlook for tender prices is linked to the fallout from coronavirus lockdown but downside risks are higher. A composite measure of building input costs fell by 3.2% over the year to Q2 2020. Labour rates slipped significantly but have rebounded quickly as site activity picked up. The annual rate of change was 0.6% in June 2020. The lockdown brought significantly lower consumer activity and demand, and the current inflation rate remains well below its 2% target.