The Fourth Quarter Forecast reflects a further decrease in 2009 and 2010 tender levels, as the lack of demand is reflected in pricing. 2011 is forecast to return to positive pricing as activity increases on the back of confidence for growth in the industry.
The UK median rate of tender price inflation for 2009 at -8.5% is forecast to reduce by a further -4.5% in 2010 followed by a 1% increase in 2011. All regions of the UK follow a similar pattern of pricing before returning to positive year on year levels in 2012 and 2013.
