Construction - UK - April 2016
“Construction activity continues to perform above wider UK GDP. However, growth rates are now slowing like the wider economy after a burst of activity that ‘kick started’ the recovery period. The market has also been constrained by uncertainties caused by the general election last year, the EU referendum this year, and continued concern over international growth levels that tend to subdue capital investment decisions in the UK. Growth levels now have marked regional and sector differences.”
– Terry Leggett, Senior Analyst
This report looks at the following areas:
- Is the EU referendum affecting the market?
- How important is government policy?
- UK economic growth is predicted to fall over the next few years. How will this impact the market?
- We are told interest rates will rise, what impact will that have?
The definitions used in this report on the construction sector are from the ONS. The civil engineering sector has been excluded, but a detailed report on this sector is available separately from MBD (The UK Civil Engineering Market Development). A number of sectors are defined within the construction sector, comprising both publicly and privately financed projects.
Public work is for any public authority, such as government departments, public utilities, nationalised industries, universities, the Post Office, new town corporations, and housing associations.
Private work is for a private owner, organisation or developer, and includes work carried out by firms on their own initiative. It includes work where the private sector carries the majority of the risk/gain. For example, in principle, all PFI contracts are private.
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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