Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Construction industry optimism grows with upgraded forecasts from the Construction Products Association

The Construction Products Association has upgraded its forecasts in the wake of housing demand, with total output expected to grow by 17 per cent between 2013 and 2017.

While the revised figure is encouraging, any growth will come from a low base and some sectors will struggle to make up what was lost in the downturn.

Construction output is expected to remain in negative territory this year, but 2014 is poised to mark a return to growth, with the association predicting a 2.2 per cent uplift.

Growth is then forecast to continue at a rate of 4.5 per cent in 2015, when the industry will be worth more than £100bn for the first time since 2011, followed by a 5 per cent rise in 2016 and 4.7 per cent in 2017.

“It is growth, and it is new-work driven,” says Construction Products Association economics director Noble Francis.

CPA output forecasts Aug 2013

Source: Construction Products Association

For more data, including value of output by sector and change in private housing starts, read the full story here.

 

 

Follow the Construction News team on Twitter

Construction News on Facebook

Construction News on LinkedIn

 

 

 

 

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.