Construction industry crisis not over with output to fall

THE crisis in the construction industry is far from over and with output set to decline to €8.9 billion in 2011 — down from its peak of €38bn achieved in 2007.

It will fall to €8.5bn next year and bounce along the bottom for a few years after that before any sign of a pick-up.

These are the latest findings from Davis Langdon, a consultancy group active in the Irish market.