The Construction Products Association (CPA) has published its forecast for the UK construction industry. The association expects construction output to grow by 2.2% next year and by 4.5% in 2015. In the short-term, this growth will be driven by private housing, with private housing starts predicted to increase by 15% in 2013. In the medium-term, the construction industry will be boosted by infrastructure projects, such as Crossrail. Energy infrastructure is expected to rise by 89% by 2017, while rail infrastructure will increase by 41% by 2016. Meanwhile, the decline in public sector construction is expected to slow, with output forecast to fall by 5.2% in 2013 compared to 11.4% in 2012.
“The industry has suffered greatly over the past five years and earlier this year saw its lowest levels since 2001. Even with growth in the second half of this year, output is set to fall 1.5% for 2013. However, our forecast is for construction to recover from 2014. Growth over the next 12 – 18 months is predominantly due to a surge in housing sector activity, which is benefitting from the Help to Buy scheme,” commented Noble Francis, Economics Director. “Help to Buy has clearly stimulated demand and led to increasing supply from house builders. We forecast housing starts will rise 39% by 2015.”
UK Trade & Investment has awarded the CPA funding for a 2-year project that will help construction product companies that are not currently exporting to take advantage of export opportunities. As part of the project, the CPA will look at international infrastructure projects to identify possible opportunities for UK businesses. Companies within the construction products sector are invited to take part in a short survey, which will help to calculate the current level of export activity, as well as potential future levels.
“We would like to hear from all manufacturers and suppliers of construction products, exporters and non-exporters alike, to get your views on exporting, hear about your successes, the challenges you face and what support you need to start exporting. The survey will also identify a pool of companies who wish to receive practical help from the Construction Products Association to sell their products and services overseas,” said CPA Export Manager Mike Josypenko.
The survey can be found here.
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/europe-cis/06082013/uk_cpa_export_project_92/