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RELEASED: AUGUST 2008
After researching the UK civil engineering market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2003-2007:
In 2007, civil engineering construction output in Great Britain increased by 6% to £7778 million, consolidating moderate growth recorded in the previous two years. Prior to that, output declined by 8% and 11% in 2003 and 2004 respectively to a period low of £7287 million in the latter year. Overall, output declined by 4% between 2003 and 2007. Much of the development in recent years is due to increased activity in the utilities sector which has been brought on by the key investment programmes for each industry. In 2007, significant growth was evident in the sewerage, electricity, railways and harbours sector. The majority of sectors recorded output growth during the year, except for communications, gas & air, where output fell by a significant 27%.
MARKET FORECAST 2008-2012:
Total civil engineering construction output in Great Britain is forecast to increase in real terms in each year up to 2012. In 2008, output is anticipated to increase by 8% in real terms. This is expected to be followed by annual growth of between 3% and 4% up to 2012. Overall, civil engineering construction output is forecast to increase by 23% in real terms between 2007 and 2012.
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Click here for full details of the UK Civil Engineering Market Research Report
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