economy

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Economy may be healing but no growth in construction

Today’s GDP figures, published by ONS, show that the UK economy grew by 0.3 per cent in the first quarter of 2013 compared to the previous quarter and was up 0.6 per cent compared to the same quarter a year ago. Construction fared much worse, declining by 2.5 per cent quarter-on- quarter and 5.9 per cent year-on-year.

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CPA: Construction Decline In 2013 But Growth In 2014

Construction output is set to fall by more than 2% this year following an 8% contraction in 2012, according to the latest forecasts published today by the Construction Products Association. A recovery is anticipated in the medium-term with growth of 1.9% in 2014 and 3.8% in 2015.

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