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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.

 

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