News
SCAPE predicts ‘bumper year’ for construction industry
22/06/2015
The public sector owned built environment company, has analysed official government data over the past decade, with a particular focus on growth since the economic recovery between 2013-2015.The company used its pipeline and project activity, historical research and the new government’s construction mandate, to anticipate that output over the rest of the year will rise to record levels.
“The report provides a full picture of the construction industry, analysing private and public sector growth across the core areas of new housing, infrastructure, education and health. It shows that the industry has grown by 9% over the past decade and will have huge growth this year,” the company said.
Public sector construction witnessed the most growth over the last 10 years, up 13% over the last two years, and SCAPE predicts a further 11% of growth for the rest of this year. The health sector was found to be the worst performing, having seen negative growth over the last ten years, falling by -15%. The report also found that construction output shot up 17% in two years since Q1 2013.
The last couple of years have seen an extraordinary level of growth in the construction industry and we predict that 2015 will be another bumper year, reaching record levels of investment. The public sector has had the largest increase over the past decade, but it is private sector construction that, over the last couple of years, has really excelled – giving the industry the boost it needed. However there are still serious concerns about the state of construction in the health sector. This needs to be urgently addressed, not just for the industry but for the health of the nation as a whole.
Mark Robinson, SCAPE, Group Chief Executive
Construction Industry Tracker - June 2015
Related News & Blogs
