UK Construction - What Does the Future Hold?
Friday
Image via WikipediaFinally, there is some cheer for the beleaguered construction sector. Although the recession has left no industry untouched, the building industry was particularly hard hit. In the last quarter of 2008, output nosedived by 4.9% despite a prediction that it would drop only 1.1%, shedding thousands of construction jobs along the way.
The good news is that the economic outlook for the sector is at last showing signs of recovery, with an overall rise in the third quarter of this year.
Although the main driver of growth appears to be repair and maintenance activity, statistics show that government programmes initiated from April onwards are at last beginning to translate into results.