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Construction industry braced for 6% drop in output by 2012

According to a pessimistic market forecast published this month, the construction industry’s output for 2008 is expected to fall by 6%, as a result of the increasing cost of energy and materials as well as the credit crunch.

The report, published by management consultancy Leading Edge, predicts a drop in overall construction from £82.4bn in 2007 to £77.7bn by the end of 2008.

Despite the overall trend, public sector construction fares the best with output increasing by 16.5% from £6.7bn in 2007 to £4.4bn in 2008, and up to £8.6bn in the five years up to the end of 2012.

Leading Edge anticipate that the public sector‘s strong performance, driven by the current Olympics construction programme, will draw an increasing amount of funding away from the infrastructure sector, the output for which is predicted to drop from £5bn to £4.8bn over the same period.

Full details of the report can be obtained from

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