Construction output in the UK is forecast to hit 2.3% growth in 2019 despite a slight dip of 0.6% this year.
The positive forecast from economists at the Construction Products Association is coupled with the expectation that growth will expand by nearly 2% in 2020. This will come as good news for civil contractors and trade contractors working for housebuilders.
Along with strong housebuilding activity outside London, infrastructure will be a driving force of growth for the whole industry with large projects such as HS2 and Hinkley Point C strengthening figures. Infrastructure output is forecast to rise by 13% in 2019.
In general, the construction industry in the UK has been enjoying positive results, fed mainly by private sector housebuilding and strong commercial and industrial activity over the past five years.
Noble Francis, Economics Director at the Construction Products Association, said: ‘On the positive side, house builders are keen on accelerating building rates outside of London and that is expected to be enough to offset sharp falls in house building in the capital. Firms working on major infrastructure projects also have a lot of work in the pipeline.’
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