Work prospects improve

Article Abstract:

Confidence within the construction industry is rising, but any growth in activity in 1993 will occur little by little. New orders in 1st qtr 1993 rose by nearly 20%, vs 4th qtr 1992, according to provisional DoE figures. New orders in public new works except infrastructure and housing are 50% higher, while orders in private industrial works are up by 30%. Construction output will rise by 3.1% in 1994, by 4.7% in 1995, and 5.2% in 1996, according to Oxford Economic Forecasting. Prices and tenders indices, and forecasts for the industry in the South-east, Greater London and East Anglia are also presented.

Industry Overview

---

Industry forecast

Article Abstract:

The outlook for the UK construction industry is generally positive. The industry saw tender prices increasing at 6-8% in the first half of 1998, although this rate of increase later slowed down due to fears of recession. Experts predict that the UK will suffer a severe slow-down around the end of the 20th century, but that this will not amount to recession. It will affect the construction industry, but industry growth will continue in the early years of the 21st century. Government spending should help sustain the construction industry during the period of reduced commercial spending.

---

Recession: an end in sight?

Article Abstract:

The construction industry in the UK is still suffering from the recession. However, there are indications that recovery may occur during 1994. Orders for private sector projects are declining less rapidly in 1993 than they were in the previous year while public housing, education and infrastructure projects are all showing increases in orders. Prices of materials are rising slowly but many contractors continue to tender at below cost and this could cause problems for clients in the future. Prospects for Scotland, Wales and Northern Ireland are detailed.

Similar abstracts:

• Abstracts: Red rockets' glare. Winds of change. Drifting apart
• Abstracts: Portents of the future. Storms to weather. The Daiwa fallout: Japanese banking community feels the heat
• Abstracts: Old town profits from mixed use. Reviving the tenement tradition. Offices with an honest facade
• Abstracts: The laser beam shines dim. Pain, gain and gravy train. A rock too large: the deficit
• Abstracts: Eye to eye. Unequal abroad, punchier at home. Quiet flows the aid

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.