Market forecast: Demand is set to rise as the economy stabilises

By Brian Smith 2024-10-07T06:00:00

Demand is set to strengthen as economic stability stimulates a recovery in private sector investment, but contractor capacity is depleted and risk aversion elevated

01 / Summary

Tender price index 鈻�

Tender prices rose by nearly 1% in Q3, according to Aecom鈥檚 tender price index, and the rate of inflation is forecast to accelerate modestly from the fourth quarter in response to rising delivery costs and strengthening demand.

黑洞社区 cost index 鈻�

Costs rose by 1.8% in Q3 as shortages of skilled labour continued to fuel wage inflation. Materials prices broadly stabilised but trends vary widely across product groups.

Consumer prices index 鈻�

The headline annual rate of consumer price inflation rose to 2.2% in July, up from 2.0% in June. Core and services inflation rates continued to moderate, and the price of goods contracted marginally.

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