Growth after COVID-19
Construction activity is set for double-digit growth this year as the industry continues its strong rebound from the impact of Covid.
Infrastructure was the least affected by the lockdown number 1, infact it is set to motor ahead 29%, reaching its highest level on record.
But crystal ball gazers at the Construction Product Association have downgraded growth forecasts slightly fearing impacts from supply constraints for key imported construction products and uncertainty around demand for housing new builds, and commercial space.
Construction activity accelerated in the first quarter of the year, although the story varies from sector to sector.
The growth will be driven by activity on major projects such as HS2, as well as activity on long-term frameworks in water, roads, electricity and broadband sectors.