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Construction investment highest for seven years

“Investment in the construction industry is running at a higher rate now than at anytime since 2000”. So says the latest survey by the Construction Products Association (CPA).
This is in direct contradiction to increasing concerns about product shortages, says the CPA. “The survey demonstrated the industry’s confidence in meeting demand for construction products, backed by a 10% increase in new capacity since 2005 with a further 9% rise planned for the next two years.”

Allan Wilen, CPA economics director commented; “Although there is a number of major construction projects planned over the coming years, including the 2012 Olympics, the industry does not expect problems supplying UK demand for construction products.

“However, what we are concerned with is the longer-term capacity constraints due to inadequate road and rail infrastructure, especially when investment in the road system is at its lowest for a quarter of a century.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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