Construction sector is facing only a slow return to growth

GOVERNMENT and public sector funders in Yorkshire and Humber are being urged to provide a sustained approach to public sector construction investment, as new figures published today from the Construction Skills Network (CSN) forecast a slow return to growth for the construction sector for the 2010 to 2014 period.

The annual CSN report, produced by ConstructionSkills, the skills quango for the construction industry, shows the prognosis for Yorkshire and Humber construction industry in the short term is very severe with construction output in the UK expected to have contracted by around 13 per cent in 2009. The fall in employment in the sector has also been severe with a drop by approximately 375,000 workers from 2008 to 2010 and recoup expected to be less than 100,000 by 2014.

A further, but marginal, decline is projected for 2010, but consistent recovery is not forecast until 2011, with a slow and steady return to moderate levels of growth as confidence returns to the market.

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