Construction Industry Forecast Spring 2018

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The start of 2018 has been an inauspicious one for the construction industry. The liquidation of Carillion in January, combined with the unseasonal weather in February and March, will inevitably lead to a poor first quarter of activity for the industry. The second quarter of 2018 is likely to see an upturn in activity but activity in the sector overall for the
year will be dependent upon the extent to which Carillion’s liquidation impacts upon sub-contractors and suppliers down the supply chain in addition to the extent of catch-up following the three lost days of construction activity across the UK. As a result, the key risks to the latest forecasts are clearly on the downside.

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