Construction in the Uk

Bharatbook.com announces a report on “Construction in the UK - Key Trends and Opportunities to 2020”. Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the UK construction industry. https://www.bharatbook.com/manufacturing-construction-market-research-reports-489816/construction-uk1.html

Synopsis

There is still a great deal of uncertainty on the full implications of the UK’s exit from the European Union (EU) on the construction industry, Construction Intelligence Center (CIC) is that there are major downside risks to growth, with little or no upside during the early part of the forecast period (2016–2020).

In June 2016, the UK held a referendum and decided to leave the EU. It means the UK will be the first member country to do so. The move is expected to lead to an economic slowdown in the UK accompanied by a fall in the value of its currency.

UK Construction Industry to suffer a contraction in output value in 2016 in real terms (constant prices).

This reflects both weakness in the industry in the first half of the year ahead of the Brexit referendum, and the expected slowdown in the second half as investment plans are put on hold during economic uncertainty.

However, the construction industry is expected to recover by the end of forecast period. Nevertheless, the pace of growth will remain sluggish in the latter part of the forecast period (2018–2020), averaging 1.7% a year in real terms.

The industry is expected to register a compound annual growth rate (CAGR) of 0.82% over the forecast period in real terms, compared to 1.39% during the review period (2011–2015).

Although the real outlook for the UK’s construction industry is expected to be weak, there will be some support from investment in residential, infrastructure and institutional building projects.

Flagship government programs such as the National Infrastructure Plan (NIP), Priority School Building Program...