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A new report from construction procurement company, Scape, has revealed that construction output is 26% below where it should be following the recession and 3% below pre-recession levels in Q3 this year.
Analysis of ONS and Scape data highlighted a lack of growth in the private sector, with output 31% below the pre-recession figures despite positive GPD growth across the UK construction sector.
The industry is operating 3% below the levels seen before the recession after a comprehensive investigation into the private and public sector growth across areas of housing, infrastructure, education and health.
The report examined the future of the construction sector by analysing planning applications granted, which were found to be 19% below pre-recession levels, whilst the cost of materials has risen by 18% over the same period.
Sophie Haigh| Online Editorial Assistant, Buildingtalk
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