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Industry forecasts for construction output

ECONOMY

£m at 2000 prices Forecast growth (per cent) DTI 2005 2006 2007 2006 2007 2006 2007 2006 2007 New work Public housing 1,814 10.0 8.0 10.0 7.0 5.8 7.7 8.6 7.6 Private 2.0 -3.6 -2.8 -0.2 1.4 Infrastructure Public 2.0 -3.9 1.3 4.1 4.7 -0.9 2.7 Industrial 582 4.2 7.1 Commercial 8 Total new work 42,012 3.9 3.7 3.1 3.6 2.3 1.5 3.1 2.9 RM&I Public 6,730 2.0 0 7.8 3.3 Private 3.0 -5.0 -0.9 -2.0 1.7 Public -1.0 2.5 0.2 Private 2.0 0.3 0 -0.9 1.3 To t a l 8 2.1 0.4 1.2 -0.3 1.9 Total 79,350 Sources: EBS and CPA forecast were published in July; Hewes forecast was published in April. For details: Experian Business Strategies (aka Construction Forecasting & Research) www. construction-forecast. com, Construction Products Association www. constprod. co. uk, Hewes & Associates e-mail: hewesinfo@aol. com The forecasts here represent the highlight figures from three leading construction forecasters and may be taken as representative of the informed views within the industry.

But these broad figures should be treated cautiously and consideration should be given to the level of uncertainties within the economy at large and the construction market specifically, about which the experts making these predictions must make assumptions.