We now estimate that the UK's construction links of london sale contracted in real terms by 12.3% in 2009 (compared with our previous forecast of an 11.0% contraction). For 2010, we now expect the construction sector to expand by 0.5% in real terms, a dramatic improvement on our earlier forecast of a 4.6% contraction. This changed outlook for 2010 is largely determined by signs of a revival in the global economy in Q309 (albeit not yet in the UK economy itself) and by indications that the country's crucial housing market has Links of London Charms out. Government capital investment will also lend significant support to our predicted renewal of positive growth in the construction sector in 2010. We predict that government capital investment will rise to GBP36.9bn in 2010, up from GBP35.0bn in 2009 and GBP31.4bn in 2008. There was bad news about two key projects over the last quarter. In the power sector, E.ON announced that it was delaying construction of the Kingsnorth coal-fired Links of London Black friendship Valentine Bracelet plant by up to three years, while in the rail sector the Scottish government announced that it was scrapping the proposed US$340mn Glasgow Airport Rail Link (GARL), owing to budget constraints. However, despite the postponement of Kingsnorth, it has been another reasonably busy sector overall in the power sector, with a clutch of new projects and loan announcements, perhaps the most exciting of which is a US$1.65bn Links of London Red and White and Black Valentine Bracelet to link the power grids of the UK and Norway. Similarly, despite the abandonment of the GARL project, the rail sector has, overall, experienced a positive quarter, in terms of fresh activity.
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