Construction Industry Forecasts (Autumn 2018)
15 October 2018
Growth for the UK’s construction sector next year has been downgraded amid signs Brexit uncertainty and on-going delays in the delivery of major infrastructure projects continue to weigh on activity. The Construction Products Association’s Autumn Forecasts anticipate growth will remain flat in 2018, and rise by only 0.6% in 2019, a downward revision from its previous estimate of 2.3%.
Key points include:
- Construction output to remain flat in 2018 (0.1%) and rise by 0.6% in 2019
- Private housing starts to rise 2.0% in 2018 and 2019
- Offices construction to decline 10.0% in 2018 and 20.0% in 2019
- Retail construction to fall 10.0% in 2018 and 2.0% in 2019
- Infrastructure work to rise by 8.7% in 2019 and 7.7% in 2020
