answersLogoWhite

0


Best Answer

a recent report has stated that for every pound invested in to the construction industry there is a significant increase in UK economy GDP, below is a snippet from that report.

----------------------------------------------------------------------------------------------------------

L.E.K. Consulting completes first economic impact study for the construction sector

London, 28th October 2009 - A report published today reveals that spending on construction offers significant benefits to the UK economy. According to the report, Construction in the UK Economy: The Benefits of Investment, every £1 spent on construction leads to GDP growth of £2.84.

Produced by L.E.K. Consulting, a leading international strategy consultancy, and commissioned by the UK Contractors Group in partnership with the CBI, the report shows that construction investment provides both short- and long-term benefits - an example shows that the total return to the UK economy of new educational buildings can be calculated at between £3.87 and £5.04 for each £1 invested.

-----------------------------------------------------------------------------------------------------------

i hope this helps Scott o'connell

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How has the economy affected the construction industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How did the navigation affect the colonies economy?

The Navigation Acts affected the colonial economy because it made the construction of canals cheaper.


How did the Navigation Acts affect the colony economy?

The Navigation Acts affected the colonial economy because it made the construction of canals cheaper.


What are the top construction industry news websites?

world construction today is the leading global construction industry online platform. It covers latest happenings in construction industry, construction industry reports, upcoming construction industry events & conference news.


Why is chocolate rain such a devastating force?

Because the chocolate industry would collapse overnight and the economy is severely affected.


How did napoleonic wars affect the development of industry in Europe?

The Napoleonic wars affected the development of industry in Europe by halting trade and communication, as well as disrupting the economy because most energy was redirected to war.


When was Construction Industry Council created?

Construction Industry Council was created in 1988.


What is Construction Industry Council's population?

The population of Construction Industry Council is 10.


Why did a slowdown in railroad construction hurt the economy?

Why did a slowdown in railroad construction hurt the economy


What type of industries are included in a traditional economy?

When one defines a "traditional economy" it usually includes manufacturing, construction, farming, and very limited when it comes to "service" industry. In recent years we have moved to a predominantly "service" based economy. The exact opposite of a traditional economy.


What is the Construction Industry AFR target for 2009?

What is the AFR of the construction industry from 2008 - 2011


What fueled the American construction machinery industry in the late 1990s?

In the late 1990s, low interest rates and a booming American economy fueled residential, public, and commercial construction in the United States, which in turn boosted demand for construction machinery and equipment.


What has the author P A Stone written?

P. A. Stone has written: 'The structure, size and cost of Urban settlements' 'Building economy' -- subject(s): Building, Construction industry, Estimates, Management 'Development and planning economy' -- subject(s): City planning, Economic aspects, Economic aspects of City Planning, Urban economics 'Building economy; design, production and organisation' -- subject(s): Building, Construction industry, Estimates, Management