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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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\nhttps:\/\/www.researchandmarkets.com\/publication\/m5vki4t\/4376693<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"