The CITB writes:<\/p>\n
The latest Construction Skills Network report reveals that construction\u2019s expected output over the next five years now averages 2% per annum \u2013 down from 2.5% in the forecast from January this year.<\/p>\n
The remainder of 2016 and 2017 however, will see a period of limited growth and potentially a small contraction of -0.2%.<\/p>\n
The sector\u2019s employment growth rate has also been revised down. The annual UK-wide recruitment requirement has fallen by a third, from 232,000 to 157,000.<\/p>\n
Over the next five years, the industry will now need 25,350 new workers every year in England, 3,540 in Wales, 1,810 in Scotland and 650 in Northern Ireland.<\/p>\n
While the average output is 2%, there is a varied picture across the UK. Wales\u2019 average growth rate remains well above average at 5.7% and in England, the South West (2.8%) and North West (2.2%) present the strongest regional outlook.<\/p>\n
Scotland (-0.6%), the North East of England (-0.1%) and the East Midlands (-0.2%) are all predicted to contract.<\/p>\n
The biggest shift in the forecast is for the Greater London region where growth has fallen two percentage points from 3.5% in January\u2019s forecast to 1.5%.<\/p>\n
Read more….<\/a><\/p>\n View the latest Construction Skills Network report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The construction industry is facing a slowdown in growth in the aftermath of the EU referendum vote, according to the Construction Industry Training Board (CITB). The CITB writes: The latest Construction Skills Network report reveals that construction\u2019s expected output over … Continue reading