Lastest ForecastsCONSTRUCTION OUTLOOK: APRIL 2012After rising by 2.4% in 2011, the volume of GB construction output is forecast to fall by 5.6% in both 2012 and 2013. A marginal decline of 0.9% is forecast for 2014. Measured in current prices, the value of output is forecast to drop by 4.2% in 2012 and by 3.8% in 2013. A modest increase of 1.1% is forecast for 2014. Measured on a quarterly basis, we expect the value of output to reach a trough in late 2013, and rise modestly from then. The central message from the forecast remains as given in late 2011: against the background of a broadly flat economy, falling public and weak private investment, construction output will decline, and measured on a quarterly basis level off towards the end of 2013. The key factor underlying the forecast is a steep decline in public sector work. For instance, we expect a near 27% decline in the value of new work public sector construction output over 2012-2014. The value of total public sector work (new work and repair & maintenance) is estimated to have fallen modestly in 2011, while over the years 2012-2014 we expect it to decline by 20% or close to £8 billion. Private sector construction is forecast to follow a broadly stable path over the years 2012-2014. Underlying the above construction forecast is our long held view of a broadly flat UK economy over the years 2012-2014.
Construction Outlook provides both current and constant price forecasts for all GB construction markets. It is released four times a year: January, April, July & October, and can be ordered via our web site. Samples copies are also available from the web site. Construction Regions: November 2011Hewes & Associates’ latest regional construction forecast, Construction Regions, is now available. It provides new work output forecasts (public & private housing, infrastructure, public non-housing, industrial, commercial) and repair & maintenance output forecasts (housing, public non-housing, private non-housing, infrastructure) for all 11 regions of Great Britain, covering the years 2011 to 2013. Macro-economic forecasts for each region are also included, as well as tables of supporting data. Some highlights of the report:
Construction Regions is released twice a year, in May & November, and can be ordered via this web site. Sample copies are also available via this web site. |
Main MenuLatest ForecastsRSS Feeds
|
QuotesMore often than not, it's better to make a decision than hold a meeting
|