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| Construction industry growth forecast to 2007 (% changes year on year) | ||||||
| Ìý | 2002 actual | 2003 actual | 2004 actual | 2005 forecast | 2006 forecast | 2007 forecast |
| Housing | ||||||
| Public | 9.9% | 10.4% | 20.5% | 22.0% | 16.0% | 8.0% |
| Private | 4.7% | 13.2% | 13.0% | –2.0% | –7.0% | 0.0% |
| Total | 5.4% | 12.8% | 14.1% | 1.7% | –2.7% | 1.8% |
| Other new work | ||||||
| Public non-housing | 22.9% | 20.8% | 15.1% | 2.5% | 5.5% | 4.4% |
| Infrastructure | 7.7% | –9.5% | –12.3% | –2.3% | 3.3% | 5.9% |
| Industrial | –24.5% | 7.0% | 10.1% | 1.0% | –1.0% | 1.0% |
| Commercial | 1.2% | –4.7% | 5.5% | 4.9% | 1.6% | 4.8% |
| Repair, maintenance and improvement | ||||||
| Total RM&I | 4.8% | 6.6% | –0.1% | –1.2% | 0.7% | 3.2% |
| Total all work | 4.2% | 5.1% | 3.6% | 0.6% | 0.9% | 3.5% |
| Economic indicators to 2007 | ||||||
| Ìý | 2002 actual | 2003 actual | 2004 actual | 2005 forecast | 2006 forecast | 2007 forecast |
| GDP | 1.8% | 2.3% | 3.3% | 2.7% | 2.3% | 2.5% |
| Fixed investment | 2.7% | 2.2% | 6.0% | 3.0% | 3.0% | 3.5% |
| Consumer expenditure | 3.2% | 2.3% | 3.3% | 2.0% | 1.8% | 2.3% |
| Real household disposable incomes | 1.4% | 2.3% | 3.0% | 2.3% | 1.8% | 2.0% |
| CPI inflation | 1.3% | 1.4% | 1.3% | 2.0% | 2.0% | 2.0% |
| Bank base rates June | 4.0% | 3.75% | 4.5% | 4.75% | 4.75% | 4.5% |
| Bank base rates December | 4.0% | 3.75% | 4.75% | 4.75% | 4.5% | 4.5% |
| Source: Construction Products Association | ||||||
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