Mixed message for construction

Article Abstract:

The outlook for the UK construction industry is mixed, with some areas seeing a rise in activity, but total new orders falling in 1995 and almost reaching the low point of 1992. Although the government has announced several initiatives which should boost the construction industry, the Budget heralded spending cuts in several areas which will affect the industry: for example, house-building and hospital-building. The construction industry needs to see a continuation of the general economic revival, an early cut in interest rates, and a recovery in capital investment.

Industry Overview

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New Year prospects

Article Abstract:

The continued growth in the United Kingdom economy is predicted to have positive repercussions for the construction industry in 1997. In the retail sector increasing custom is likely to result in further shopping development and renovation of town centres. The construction industry should also gain benefit from the National Health Service and school authorities which have received extra government finance for capital expenditure. The East Midlands is likely to be an area of rapid expansion and reconstruction.

United Kingdom, Forecasts and trends

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Feelgood factor remains elusive

Article Abstract:

The UK construction industry saw a 30% fall in activity in the period 1988-1992, and is still not enjoying a revival, even though orders have increased during some quarters since then. Building costs rose by 4.4% in the year since the first quarter of 1995, while tender prices rose by 4.1%. it is likely that low inflation will limit rises in building costs over 1996, but tender prices will also rise as prospects for the housing market improve.

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