Construction growth predictions downgraded
Published by Joseph Green,
Editor
World Cement,
Forecasters have lowered construction growth predictions for this year and next owing to a slowdown in Q3 housing and commercial activity.
The association has predicted output growth of 3.6% in 2015 and 3.8% in 2016, lowered from the summer forecasts’ expectation of 4.9% and 4.2% respectively.
The revisions were made in response to data from the Office for National Statistics, released in November that suggested construction output fell by 2.2% in Q3 compared with Q2.
The CPA credited this slowdown primarily to weak results in housing and commercial activity.
Edited from sources by Joseph Green. Sources: Construction Enquirer, Construction Index, Construction News
Read the article online at: https://www.worldcement.com/europe-cis/23112015/construction-growth-predictions-downgraded-45/
You might also like
The World Cement Podcast - Mannok's decarbonisation mission
In this episode of the World Cement Podcast, Paul Monaghan, Head of Sustainability at Mannok, joins Senior Editor, David Bizley, to explore Mannok’s acquisition by Çimsa, the company’s approach to sustainability and decarbonisation, and the unique challenges and opportunities posed by operating on the island of Ireland
Tune in to the World Cement Podcast on your favourite podcast app today.
