Construction Industry Forecasts

Construction Industry Forecasts - Summer 2017

Construction Industry Forecasts - Summer 2017

The Construction Industry Forecasts for Summer 2017 provide a comprehensive written analysis of the drivers of construction activity and forecasts for 30 industry sectors, including house building, commercial offices, roads, rail, schools and hospitals, for the period 2017-2019. As the UK prepares to leave the EU, growth prospects for the construction industry in 2018 have been downgraded from the Spring quarterly update. Output is expected to soften as a slowing economy, falling real wages and rising costs adversely affect the industry, and growth for 2018 is therefore expected to rise at the slowest rate in six years.