Skip to main content

Timetric CIC forecasts positive outlook for the UK construction industry

World Cement,

Timetric’s Construction Intelligence Centre (CIC) has forecast an annual growth rate of 4.2% for the UK’s construction sector over the next five years, following an average annual expansion of 0.5% between 2010 and 2014. The positive estimate is partially due to investments under the National Infrastructure Plan 2014, in addition to a period of policy continuity after the Conservative Party won a majority in the recent general election.

Residential construction is the largest market within the UK construction industry, accounting for around 40% of its total value. Timetric CIC expects this to continue, with support from investment in residential projects in line with housing shortages and demand. Commercial construction is the second biggest market at approximately 26% of the total sector’s value. This has been forecast to increase, boosted by higher consumer spending and business investments, as well as rising demand for office space outside of London and the South East.

“Given its intention to persist with a general policy of austerity to consolidate its fiscal position, it is likely that many of the Conservative Party’s costly investment pledges made ahead of the election, including many road and rail projects, will be quietly dropped. However, in a bid to tackle congestion, increase capacity and enhance connectivity in the country, the government will invest to improve the road network,” said Danny Richards, Lead Economist at Timetric’s CIC.

Adapted from press release by

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


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