Construction Industry To Grow By 23%

According to the most recent Construction Products Association Autumn Forecasts, the construction industry is estimated to grow by 23% by the end of 2018, contributing around £12 billion to the UK economy in the next two years.

Dr Noble Francis, Economics Director of the Association said

“Our Forecasts reflect a welcome, recurring theme as growth continues and begins to broaden.  Short-term activity is still led by private housing, infrastructure and commercial, and areas of public sector construction are showing the first signs of increasing strength. We believe the expansion will continue through 2018. Recovery is not a foregone conclusion however, and several important risks remain, primarily around the strength of the UK and Eurozone economies, the policy outcomes following the 2015 General Election and the impact of any supply constraints such as the scarcity of labour and materials.”