United Kingdom Construction Forecast - April 2022

After the sharp decline of 9.8% in construction output experienced in 2020, the UK construction industry is showing signs of recovery and strong demand for projects across a number of subsectors, most notably, housing.

Further growth is anticipated over the coming two years to the value of GBP£61Billion, 3% higher than2019 levels. The rebound from the pandemic years appears bright, at least at first glance. Rising inflation, lower availability of materials, rising energy costs and driver shortages are all real hurdles to the sector's recovery.

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