Bulletin

Infrastructure projects expected to push construction to pre-recession levels

Shipping Construction, Construction Industry Expected to Return to Pre-recession Levels - SantanderCB

Construction is expected to return to pre-recession levels for the first time this year because of a surge in road, rail and energy projects. The Construction Products Association said building work is forecast to rise 3.6% in 2016 and 4.1% in 2017. This will generate over £10.4bn for the sector, which accounts for 6.3% of GDP. Noble Francis, economics director of the CPA, said that despite poor weather slowing growth in January, the industry is 'positive about the next 12-18 months because the fundamentals in the sector are still good. It's been a tough decade for the industry due to the prolonged impacts of the financial crisis, so the growth is a welcome relief,' he said.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?