Engineering multi-national predicts 20% growth in construction industry this year

The construction industry is predicted to grow by 20% this year.

A report from engineering multi-national AECOM says output should reach €24bn in 2019.

Three-quarters of industry leaders surveyed by the firm said they were positive about the future of the industry here.

However, only 15% said they were equipped to deal with a growing skills shortage.

Housing output is due to increase again this year.

But Director of AECOM in Ireland John O'Regan said it is still lagging behind demand.

Mr O'Regan said: "Strongest growth has been in Dublin and it has been in the commercial, office sector. Now, the residential output did increase significantly last year and we see it increasing in the year ahead.

"I think the challenge is that it is coming from a very low base and with the increase in output in 2019, it's not going to make a significant dent in the shortfall."

More in this Section

Profits at Pat Kenny media firm jump to €1.52m

US toy shop FAO Schwarz to open in Dublin

What does Android block mean for Huawei users?

Phil Hogan: Kilkenny hub to emphasise Ireland's global leadership in agri technology


Lifestyle

Time for a red revolution: Breaking the cycle of unsustainable feminine hygiene products

Inspired by the Chelsea Flower Show? 6 British and Irish gardens to visit to get your floral fix

We’ll meet again: Sunday Songbook to feature tunes of Vera Lynn

Irish authors top the list of the most borrowed books for adults in 2018

More From The Irish Examiner