Output growing across the sector
Scottish construction defies UK slowdown
Scottish Government figures show that output in the sector has grown by 3% in the last year.
However, preliminary figures from the Office for National Statistics show that Brexit is having a damaging impact on the sector, with forecasts indicating a UK-wide fall of 1.1% in Q3 – the sector’s worst performance in four years.
Output across the Scottish sector grew by £76 million between Q2 of 2015 and Q2 of 2016 – with construction now representing 8% of Scotland’s total onshore GVA and contributing over £2.6 billion to the Scottish economy.
SNP MSP Ash Denham, who sits on Holyrood’s Economy, Jobs and Fair Work Committee, said: “These latest Scottish Government figures show the success of SNP infrastructure and construction policy – helping to bring about economic growth and create jobs across Scotland.
“To see the construction sector grow its output by 3% – £76 million – over the year to June proves that the Scottish Government’s policies are working.
“However, Brexit has the potential to cause serious damage to our construction sector, with latest figures from the ONS showing a negative impact between July and September this year – as the Tory government’s confused strategy brings about uncertainty and reduced investment across construction.”