Construction forecasts Bring GGF Optimism

News Item
29 Jan 2014

The GGF had reason for renewed optimism following the Construction Products Association’s (CPA) latest forecasts which anticipates that growth in private house building, infrastructure work and commercial activity are set to drive recovery in the industry over the next four years.

Key highlights of the forecast include:

•Construction output is expected to rise by 3.4% in 2014 and by a further 5.2% in 2015;
•Growth is projected to continue throughout the forecast period, to 2017; however
•Considerable uncertainties remain regarding the long-term sustainability of the recovery in the industry and wider economy in the latter years of this forecast, post-2015. 

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