Latest forecasts by the Construction Products Association (CPA) suggest that activity in the construction industry is rising at a faster pace than initially expected following the EU referendum.
Construction output is expected to rise each year between 2017 to 2019 by 1,3% in 2017, 1.2% in 2018 and 2.3% in 2019.
Although the figures may fuel hope of a resilient UK construction industry amid Brexit-related anxieties and rising costs, the growth masks a considerable difference in activity across the construction sectors . Infrastructure projects are expected to be the industry's main growth engine, driven by a strong National Infrastructure and Construction Pipeline valued at £300 billion over the next four years.
In particular, growth to 2019 is expected to be primarily driven by a 34.5% increase in infrastructure activity due to major projects in the energy, rail and water sub-sectors, which would offset expected falls in commercial and industrial construction.
Read more here: http://www.heatingandventilating.net/cpa-forecasts-show-construction-industry-activity-ahead-of-post-brexit-expectations
