Howard Chapman, Buildingtalk Editor
UK construction is expected to return to pre-recession levels for the first time this year because of a growth in infrastructure spending including a surge in road, rail and energy projects.
Where will the contract and job opportunities be?
Latest Construction Products Association forecast
- construction work to rise 3.6 per cent in 2016 and 4.1 per cent in 2017
- generate more than £10.4bn for the building industry, which accounts for 6.3 per cent of GDP
- Private housing starts to rise 5.0% in both 2016 and 2017
- Industrial activity expected to increase 21.3% by 2019
- Offices construction to increase 7.0% in 2016 and 2017
- Infrastructure work is forecast to rise 56.9% by 2019
Noble Francis, economics director of the CPA, said that despite poor weather that slowed growth in January, the industry is “positive about the next 12-18 months because the fundamentals in the sector are still good.
