UK Costruction Industry will be involved in a fast growing

The UK Costruction Industry grew in 2013 after decline had been forecast over the course of last year, with stronger growth rates also expected for the following two years.

The Construction Products Association, Experian and Leading Edge are next week expected to reveal the industry grew in 2013 after decline had been forecast over the course of last year, with stronger growth rates also expected for the following two years.

The upward revisions for last year would be largely due to significant upgrade to output data from the Office for National Statistics, said Noble Francis (Construction Products Association economics director).

Quarterly growth rates for the second and third quarters of 2013 increas from 1.7 and 1.9 per cent to 2.6 per cent.

Therefore, the are still hopes for growth in the last quarterly despite UK has been stricken by the worst storms of the last twenty years over Christmas and the New Year. For this reason most construction companies at the moment are close down for two weeks over Christmas, and they are starting back with full workloads ahead of them.

Economist alert that growth forecasts for 2016 are still positive but they should have a slower rate than the preceding two years, because of post-election 2015.

Experian head of construction futures James Hastings said that despite a strong growth is provided in 2014 and 2015, is probably that growth could be lower than expected if household income growth and productivity remain low and if the housing market struggled after the planned close of Help to Buy in 2016.

The main question is whether Help To Buy ends, uncertainty will grow again, companies will become reluctant to invest once more, and the UK’s economic and social infrastructure will continue to stagnate, as stated by Association for Consultancy and Engineering chief executive Nelson Ogunshakin.