on January 13, 2014
Created: January 13, 2014

CPA states ... the Construction Industry is on the edge of 4 years of sustainable growth

The Construction Products Association (CPA) have today suggested in a press release that the Construction Industry is on the edge of 4 years of sustainable growth.

Indicating an expected growth of 3.4% in 2014, and a further 5.2% in 2015, the CPA goes on to indicate that 2016 & 2017 will continue to demonstrate growth.  Private Housing seems to be the key driver behind these numbers with an expected rate of 24% in 2013, followed by 16% in 2014 and 10% in 2015.

Whilst this is positive news, it suggests that other areas of construction are significantly lower or in negative so as to make the CPA predicted growths viable.

Aside from Factories and Warehousing, all other areas touched on by the CPA article are 5% or lower, and therefore only marginally above inflation.