Construction to grow 15% but still far behind bubble levels, says consultant

The construction industry’s rebound is set to deliver growth of up to 15% this year and talk of a bubble is premature, according to a leading construction sector consultancy firm.

The strong growth patterns of the past 12 months are likely to continue this year with growth accelerating as a result, AECOM predicts in its annual review.

This strong pick-up will deliver growth of 12% to 15% following a rise in volume of 12% last year.