Construction in the UK – Key Trends and Opportunities to 2021

In real terms, the UK’s construction industry registered positive growth during the review period (2012-2016). Despite a slowdown in growth during 2016 due to the impact of the Brexit referendum, in which the UK voted to leave the European Union (EU), the industry registered a modest performance, supported by public sector investments in infrastructure and residential construction projects, coupled with improvements in industrial activity.

Over the forecast period (2017-2021), the industry is expected to be supported by government efforts to promote economic growth over the forecast period, implementing a huge pipeline of construction projects until 2021.

Despite these growth prospects, the unstable political scenario following the June 2017 general election is expected to hamper the effective implementation of the government’s infrastructure plan.

The industry’s output value in real terms recorded a compound annual growth rate (CAGR) of 4.02% during the review period and is expected to post a CAGR of 2.67% over the forecast period.

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