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

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


1
Despite economic Growth the UK Institutional
Construction Industry to Face Market Heat Ken
Research
2
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.
3
  • 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.

4
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.
5
  • 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

6
For more coverage click on the link
below https//www.kenresearch.com/manufacturing-a
nd-construction/infrastructure/institutional-const
ruction-uk/82694-97.html For Similar
reports https//www.kenresearch.com/manufacturing-
and-construction/infrastructure/project-insight-po
wer-generation-construction-projects-americas/9445
4-97.html https//www.kenresearch.com/manufacturi
ng-and-construction/real-estate/other-commercial-c
onstruction-argentina/92814-97.html
7
Contact Us Ken Research Ankur Gupta, Head
Marketing Communications Ankur_at_kenresearch.com
91-9015378249
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