Construction Industry Forecasts

Construction Industry Forecasts - Autumn 2019

Construction Industry Forecasts - Autumn 2019

The Autumn Forecasts for construction output growth in 2020 and 2021 have been downgraded from 1.0% and 1.4% to 0.5% and 0.9% respectively from its summer forecasts. The downgrade reflects uncertainty around Brexit and major infrastructure delivery, most notably delays and cost overruns with Hinkley Point C and the Review into HS2. Slowing house price growth and Brexit uncertainty impacting investment in the commercial sector have also contributed to this more pessimistic projection.

Read the full press release.