Construction industry growth slows
Construction industry growth slows
- 2003
- Construction Products Association Press Release 13 January 2003, (3) .
The construction industry can expect little growth in the next two years, according to the latest Construction Products Association forecast. A sharp decline in private sector investment is predicted for this and next year, and industry growth will fall to 3.7% this year, dropping to 0.6% in 2004. Output growth was expected to have increased more than 7% last year, the highest rate of growth since 1988. Growth is expected to improve slightly in 2005, up to 1.3%. Table. Copies of the forecast are available from t +44 (0)20 7323 3770 or [email protected] www.constprod.org.uk/download/pr/Forecast%20PR%2010.01.03.doc
BUILT ENVIRONMENT-BUILDING MATERIALS
CONSTRUCTION FORECASTS
The construction industry can expect little growth in the next two years, according to the latest Construction Products Association forecast. A sharp decline in private sector investment is predicted for this and next year, and industry growth will fall to 3.7% this year, dropping to 0.6% in 2004. Output growth was expected to have increased more than 7% last year, the highest rate of growth since 1988. Growth is expected to improve slightly in 2005, up to 1.3%. Table. Copies of the forecast are available from t +44 (0)20 7323 3770 or [email protected] www.constprod.org.uk/download/pr/Forecast%20PR%2010.01.03.doc
BUILT ENVIRONMENT-BUILDING MATERIALS
CONSTRUCTION FORECASTS