It is being predicted that Construction output could increase as much as 14% in 2021 after a sharp fall in a pandemic hit 2020. Industry forecasters are hoping that the construction industry will bounce back from a difficult year previously.

 

Reported on the Construction Enquirer, the CPA’s scenario for this year’s construction output has factored in the most current lockdown. The CPA Economics Director, Noble Francis had this to say:

 

“The long-term impact of Covid-19 on the structure of the economy still remain.

 

This continues to leave questions about the fortunes of certain construction sectors. This is most notable in the commercial sector, where there is still lots of uncertainty about the future of retail and office space.

 

It will be crucial to observe how businesses change their operations as the vaccine is rolled out in the coming months and to what extent there is a ‘return to the office’.

 

While the fortunes of some sectors have been tied to Covid restrictions and associated business and consumer confidence in the wider economy, infrastructure has largely escaped such uncertainty.

 

Projects have been able to effectively enact safe operating procedures given the sector’s large construction sites that have fewer different trades mixing than in most sectors.

 

As such, infrastructure has been least affected by Covid restrictions and output is expected to lift the whole industry over 2021 and 2022.

 

Main works on HS2, Europe’s largest construction project, along with offshore wind and nuclear projects are expected to be the main drivers of activity.”

 

 

Now could be the best time to get into the construction industry, with having a trade skills could be a solid bet in years to come. Here at Able Skills, we offer construction courses in every trade and once we can re-open after the current lockdown, we will be offering training again in all trades. Please see here:

 

 

For information and advice on all our courses, please contact us on 01322 280 202 and we will be more than happy to help.

 

(source: https://www.constructionenquirer.com/2021/01/20/construction-set-to-grow-by-14-this-year/)