November 02 2016 CPA News
Dear Members,
Please find enclosed the latest Construction Industry Forecasts (Autumn 2016):
Construction Industry Forecasts (Autumn 2016) .pdf
Construction Industry Forecasts (Atumn 2016) .xls
The CPA’s latest forecasts highlight a mixed picture for the construction industry over the next two years due to the impacts of the uncertainty following the EU referendum. Overall, construction activity is expected to remain broadly flat in 2017 and 2018, but this masks a more nuanced picture at the sector level with growth in infrastructure and education offsetting falls in activity in sectors such as commercial offices and industrial factories.
Key results from the latest CPA construction forecasts include:
· Construction
output to rise 0.6% in 2016, 0.3% in 2017 & 0.2% in 2018
· Offices
construction to increase 8.0% in 2016 before a decline of 3.0% in 2017 and 10.0% in 2018
· Factories
construction to fall 5.0% in 2016 and 2.0% in 2017
· Infrastructure
work to rise by 6.2% in 2017 and 10.2% in 2018
· Private
housing starts to rise 2.0% but remain flat in 2017 and fall 2.0% in 2018
· Retail
construction to fall 8.0% in 2016 before falls of 4.0% in 2017 and 2.0% in 2018
If you have any further queries then please contact me (details).
Kind regards,
Noble
Prof. Noble Francis
Economics Director at the CPA
and Visiting Professor at the University of
Westminster
The Building Centre
26 Store Street
London, WC1E 7BT
Tel: 020 7323 3770
Mob: 0791 261 2882
noble.francis@constructionproducts.org.uk
www.constructionproducts.org.uk
Registered Office in England as above
Company Number: 386 1752