Davy Research

UK economy

UK construction sector set for weak 2017

DAVY VIEW

Outside of housebuilding, the UK construction sector in 2016 had one of its worst years since the recession with output expanding by just 1.6% compared to a 3.6% gain in 2015. We expect near-stagnant growth of 0.3% in 2017 before rising to 1% in 2018. New housing and infrastructure will be exceptions, continuing to expand at a robust pace – supported by Help-to- Buy and increased public sector investment – but non-residential and RMI will contract sharply this year in line with weak business investment.

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