Association Forecasts Renewed Optimism for Construction
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The Construction Products Association’s latest Forecast anticipates that growth in private house building, infrastructure work and commercial activity are set to drive recovery in the industry over the next four years.
Key highlights include:
- Construction output is expected to rise by 3.4% in 2014 and by a further 5.2% in 2015;
- Growth is projected to continue throughout the forecast period, to 2017; however,
- Considerable uncertainties remain regarding the long-term sustainability of the recovery in the industry and wider economy in the latter years of this forecast, post-201