Article Abstract:
The Construction Products Association (CPA), Royal Institute for Chartered Surveyors (RICS) and the Construction Forecasting and Research (CFR) have been considering the future of the UK construction industry. They have been forecasting the amount of output expected by the construction industry between 1999 to 2001. They all anticipate public house building will rise, with the CPA predicting construction increasing by 9% in 2001 compared to only 3% for the RICS. They agree public non-housing sector will rise but the RICS forecasts a 3% rise between 2000-01 whilst the CPA and CFR predict 7%.
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Article Abstract:
The construction industry in the United Kingdom is anticipating an increase of work to the value of 51.16 billion pounds sterling, a rise of 2.7%, during 1997. Construction projects for the leisure industry had increased by 50% to 1.4 billion pounds sterling during 1996, and growth in this sector is expected to continue until the end of the 1990s. Other sectors which are predicted to improve during 1997 include new house building and the construction and renovation of retail outlets. Restrictions on public expenditure will result in a reduction in public housing construction.
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Article Abstract:
Forecasting group Euroconstruct analyses data from the construction industry in Switzerland, Norway and all the nations in the European Union apart from Luxembourg and Greece. It has forecast the average growth rate for construction will increase from 0.8% in 1998 to 3% in 1999. The role of construction in boosting the economy has declined in importance. Increases in the gross domestic product are expected to reach around 3% for 2000. It is anticipated construction, repair and maintenance for non-residential properties are going to be the best performing sectors in 2000.
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