Commercial Building Construction in the UK Industry Market Research

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Constructing everything from hospitals to hotels, offices to fast-food restaurants, and sporting stadiums to schools, the Commercial Building Construction industry plays a vital role in the UK economy. The industry's performance fluctuates in response to trends in the business cycle (e.g. company profitability and employment), and spending by households and governments. The industry is forecast to generate revenue of ?25.8 billion in 2012-13, down by 4.4% on the previous year, and representing a decline by an annualised 8.1% over the past five years, greatly exceeding the decline in GDP (0.5% annualised). Industry revenue has been driven down by the cyclical contraction of private investment into the industrial and commercial building markets, and the cutbacks in funding of educational buildings under the government's fiscal austerity measures. The building market will continue to endure adverse conditions over the coming year as the UK economy continues to weather the current cyclical slowdown, before a cyclical improvement emerges from 2014-15 onwards. The upswing of investment into the commercial building markets will support an upward trend in industry revenue over the next five years to 2017-18. The pace of expansion will exceed the growth in UK GDP, underpinned by growth of investment into new non-residential building activity. For these reasons, industry research firm IBISWorld has updated its report on the Commercial Building Construction industry.

(PRWeb July 13, 2012)

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Source: http://cutbusinessexpenses.com/68513/commercial-building-construction-in-the-uk-industry-market-research-report-now-updated-by-ibisworld/

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