AdAdAdAd

£1bn infrastructure slump

 

Scotland’s construction industry generated total output of £14.5 billion last year, slightly down on the record of £14.7 billion in 2015.

The reduction was due mainly to a slump in infrastructure work which fell from £4.2 billion to £3.1 billion. Output from the housing, private commercial and repair and maintenance sectors were all up year-on-year.

Commenting on the figures from the Office for National Statistics, Scottish Building Federation managing director Vaughan Hart said: “Overall, these are encouraging results which suggest that the industry is moving in the right direction in terms of achieving a balanced recovery across different sectors, hopefully with a reduced reliance on major infrastructure projects to drive future growth as other key sectors such as housing, commercial and repair and maintenance continue to show strengthening performance.

“We will be watching closely to see if this momentum continues into 2017. However, that is obviously very much dependent on how the wider economy performs and there is still a good deal of uncertainty about future economic prospects just now.”

 

 

Want the latest updates from Scottish Plant? Email here with ‘subscribe’ in the subject box

Article posted 13/3/2017