Why the Construction Industry is looking for growth overseas
November 5, 2010 Leave a comment
(This is an article I wrote for the UKTI’s Autumn 2010 edition of Springboard Magazine)
The UK construction industry is simply huge. Employing some 3 million people across a multitude of disciplines in more than 300,000 different companies, the industry has an annual turnover of more than £100bn and accounts for almost 10 per cent of the UK’s GDP. And despite being one of the sectors hardest hit by the recent economic downturn, output in the construction industry experienced its biggest rise since 1963 in the second quarter of 2010 with a jump of 6.6 per cent on the previous quarter, according to the Office for National Statistics.
With such a dramatic rebound from what had been a poor start to the year the construction industry’s performance has exceeded even the most optimistic forecasts from economists -stimulated by strong performances reported from some of the UK’s biggest construction firms.

