Research issued: 25/06/2015
UK Construction: On the road to recovery
The latest Construction Industry Tracker highlights the importance of taking a long term view of construction and examines public and private sector construction output over the last ten years, with a particular focus on growth since the economic recovery between 2013-2015.
While there have been many headlines surrounding the retraction of construction for the last two quarters,
we have conducted further analysis to examine the full picture of the construction sector.
The report also uses SCAPE’s bespoke market data to predict what will happen over the coming year.
The Tracker is divided into four sections:
- Total output - public and private sector construction
- Public sector specific output (new housing, infrastructure, education and health)
- Private sector specific output – private (new housing, infrastructure, education and health)
- The number of planning applications granted since 2010
Our research highlights the importance of taking a long term view of the construction industry – years not months. Our analysis shows that over the last two years we have seen exceptional growth and given the concentrated emphasis on large infrastructure and housing projects, this trend is set to continue under the new majority government.
Mark Robinson, SCAPE chief executive