Soaring building material prices see construction output drop

March saw the sharpest MoM increase in building materials costs in nearly three decades in the wake of Iran's closure of the Strait of Hormuz. This resulted in a steep drop in construction output, according to the latest S&P Global UK Construction Purchasing Managers' Index.

Building Bulletin news is subscriber only.
Subscribe now or sign-in

◦ 12 Issues of ICR print edition ◦ Digital edition each month ◦ Membership to CemNet.com ◦ Choice of Free Handbook ◦ Discounts on publications
Subscribe now

GBP£220 / USD$315 / EUR€260 annually

TOPICS IN THIS ARTICLE

Handpicked stories, in your inbox

Our editors pick the top news delivered to your inbox each day.