Latest report: Winter 2024/25
After a post-recession uptick in the first two quarters of 2024, the UK economy has been broadly flat, with only modest growth in Q3 and Q4.
Inflation is slightly above the Bank of England’s 2% target. The current performance of the construction sector remains weak. Nevertheless, recovery is anticipated to gather pace as 2025 progresses.
At the end of 2024, architects remains pessimistic about future workloads, although the outlook has improved somewhat after the drop in confidence that followed the November budget.
About the RIBA economic reports
This economic report brings together information from a range of primary sources. It aims to help practices place their work within the wider economic context.
The RIBA economic report provides summarised information about the current and future:
- UK economy
- construction output
- architectural workload
Download the report below.
