UK Construction Industry Forecast, Construction Industry Growth In UK - Ken Research

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Despite economic Growth the UK Institutional
Construction Industry to Face Market Heat Ken
Research
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The British economy turned in a steady
performance in 2016, growing at the second
fastest rate among the G7 economies. Growth in
the sixth months following the EU referendum was
significantly stronger than some had feared
pre-vote, when the Treasury and others predicted
a Brexit vote would result in recession. Growth
in 2016 was stronger than the OBR and other
forecasters were expecting at the start of the
year, with little sign of any immediate
post-Brexit slowdown.
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• But the OBR predicts growth will slow in 2017 and
  2018 as businesses delay investment plans and
  household incomes start to be squeezed by rising
  inflation. The vast majority of economists expect
  the decision to leave the EU to hit growth in the
  medium to longer term.
• The industry has suffered a major dent in its
  history and will suffer a massive blow in coming
  times due to the referendum from the EU more
  commonly called Brexit. The UKs construction
  industry has slipped back into recession for the
  first time in four years, according to Ken
  research report on Institutional Construction in
  the UK to 2020 Market Forecast the sector was
  struggling even before the vote to leave the EU.
  Experts say the drop in business and consumer
  confidence since the referendum will further dent
  construction activity in the months ahead.

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The Office for National Statistics said output
dipped 0.7 in the second quarter of 2016,
following a drop of 0.3 in the previous three
months. Construction which accounts for 6 per
cent of British economic output is capricious
on a monthly basis and accounts for a
disproportionate amount of revisions in
periodical economic growth data. Therefore the
institutional construction such as schools and
hospitals are not in rise of demands as the UK
economy will have to gain its pace back and show
resilience in the market after Brexit. The
reconstruction and demolition work seems to show
a flat growth and is on the predicted to rise
after the economy has gained back its pace and
therefore the growth is predicted to increase
after 2021.
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• Report titled Institutional Construction in the
  UK to 2020 Market Forecast predicts, the
  institutional construction in UK seems to have a
  feeble growth in coming years due to the
  referendum from EU (Brexit). Therefore due to the
  stabilization of the construction sector the UK
  institutional construction is on a recovery phase
  which indicates a large fall in the demand of
  hospitals and schools etc.
• Key topics covered in report
• Global Institutional Construction Industry
• The UK Institutional Construction Industry
  Research
• The UK Construction Market Revenue
• Construction Industry Growth in UK
• UK Major Construction Projects
• UK Commercial Construction Industry Analysis
• UK Construction Industry Forecast

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below https//www.kenresearch.com/manufacturing-a
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