CPA state of trade survey signals signs of improvement for construction product manufacturing

The headline results for the State of Trade survey continued to signal signs of improvement for construction product manufacturing in the third quarter of 2024. Compared to Q2, product sales volumes increased for both heavy side and light side firms, on balance, for 55% of the heavy side and 8% on the light side. Comparing sales volumes with the same period of a year earlier, 27% of heavy side manufacturers still reported a fall, whilst a balance of only 8% reported an increase on the light side. These dynamics mirror those reported in official ONS construction output data, with monthly and quarterly increases in activity over Summer, but activity still lower than a year ago.

FIS members can download the full findings from the CPA State of Trade survey here.