Construction growth forecast upgraded again

News Item
05 Aug 2014

Industry crystal ball gazers have revised up their growth forecasts once again and predict construction will now expand by about 10% over the next two years.

Construction Forecast Image

This year’s new growth forecast from the Construction Products Association has been marked up from the earlier estimate of 3.4% at the start of 2014 to 4.7%, despite a slowing of growth in the first quarter, according to the last official output figures.

The rise will see construction contribute nearly £11bn to the UK economy.

Office building is expected to kick in alongside private house building as a big workload driver, while warehouse schemes will jump 20% this year. For more information click here