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
Aggregate Industries getting fired up for recycled pottery
Thousands of tonnes of broken and rejected pottery is to be recycled by Aggregate Industries to help create cement at its Staffordshire plant.
