Skip to main content

Construction growth predictions downgraded

Published by , 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:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):