UK Construction industry output is anticipated to fall by 0.4 per cent in 2019

April 30, 2019

A recent report shared by the Construction Products Association (CPA) forecasts that the continued Brexit uncertainty will cause a downgrade in industry output for UK construction. This 0.4% fall for 2019 includes the manufacturers and distributors of construction products / materials. This will be a somewhat negative wave of news to hit the sector in that earlier it was reported that there would be a 0.3% increase in growth.

CPA economics director Noble Francis was quoted as saying: “Overall, construction output is expected to fall marginally this year before 1.4 per cent growth next year but this growth is highly dependent on government’s delivery of infrastructure.”

The negative news continues with office development output predictions of a fall by 11% in 2019 and 4% in 2020 and factory output to see similar worrying figures of 15% fall in 2018 and 11% in 2020. House building is set to remain flat that reflects the current climate of a slowdown in demanding and falling house prices mostly within London and the South-East.

Full story can be read on the Construction News website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Letting Agent Talk

How to Transition from a Fixed-Term Tenancy to a Periodic Tenancy

Transitioning from a fixed-term tenancy to a periodic tenancy is a common occurrence in the UK rental market. It offers flexibility and convenience for both landlords and tenants by continuing the rental agreement on a rolling basis once the fixed term ends. Whether you’re a landlord managing a property or a tenant seeking clarity, Martin…
Read More →
Breaking News

Housing sales end 2024 on a high, but buyers more cautious about how much to pay for homes as mortgage rates drift higher

Buyers and sellers returned to the market over 2024 building a sales pipeline 30 per cent larger than a year ago with 283,000 homes worth £104bn progressing to a sale in 2025. This is the largest end of year total value for four years. House prices have returned to growth with the average house price…
Read More →
Breaking News

£21 million to live on UK’s most expensive street

· Knightsbridge in London now the priciest UK street · The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million · East Road in Weybridge the most expensive address outside of London · Priciest UK properties are 60 times more than a typical home Lloyds has revealed…
Read More →
Breaking News

Breaking Property News 20/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why estate and letting agents must embrace innovative technology in 2025   As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More →
Breaking News

Breaking Property News 19/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   High street Auctions’ initiative launches to revive Britain’s town centres   This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More →
Estate Agent Talk

Moving Up In The World: Finding Your Dream Home

Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More →