Growth in the construction industry is set to slow in the next two years according to the Construction Products Association.
Last year the industry's output accelerated by over 7% – the largest annual increase since 1988 – driven by a significant government spending increase.

However, a sharp decline in private sector investment over the next two years is predicted. This will reduce output growth to 3·7% in 2003 and just 0·6% in 2004.

But, if predictions are to be believed, 2005 will see a return to growth of 1·3%.

Source

Electrical and Mechanical Contractor