Research firm forecasts sector output will increase by 6% this year, boosted by infrastructure growth
Experian has upgraded its forecasts for UK construction output and now expects the industry to grow by 6% this year, as trailed by Building last week.
The research firm has upgraded its 2015 forecast from the 5.1% growth figure it predicted last autumn.
Experian said the upward revision was underpinned by higher growth expectations for the infrastructure sector this year. The infrastructure sector is forecast to enjoy the strongest growth this year, at 13%, followed by private housing, at 10%.
The firm’s 2016 forecast was also upgraded slightly to 3.6%, up from 3.5% in the autumn forecasts, while the sector is expected to grow 4.1% in 2017.