CPA forecasts show construction industry activity ahead of post-Brexit expectations
18 April 2017
According to the latest forecasts by the Construction Products Association (CPA), activity in the construction industry is rising at a faster pace following the EU referendum than initially expected.
Construction output is expected to rise each year between 2017-2019, by 1.3% in 2017, 1.2% in 2018 and 2.3% in 2019.
Although the figures may fuel hope of a resilient UK construction industry amid Brexit-related anxieties and rising costs, the growth masks a considerable difference in activity across the key construction sectors. Infrastructure projects are expected to be the industry’s main growth engine, driven by a strong National Infrastructure and Construction Pipeline valued at ￡300 billion over the next four years.