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THREE YEAR GROWTH FOR CONSTRUCTION

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Construction minister Nick Raynsford today welcomed continuing and steady growth in construction output in 2000 wit...
Construction minister Nick Raynsford today welcomed continuing and steady growth in construction output in 2000 with a 1.5% rise compared to 1999.
Over the last three years construction output has risen steadily at around one and a half percent each year. The rise occurred mainly in new work, in particular in the private offices and entertainment sectors.
Mr Raynsford said: 'The improved performance of the construction industry over the last few years reflects the Government's achievement in creating a climate for stable and non-inflationary growth. This contrasts markedly with the boom/bust cycles which so characterised the late 1980s and early 1990s.
'I expect output to continue to grow as a result of increased capital investment across a range of sectors. We will continue to support the revitalisation of a sustainable construction industry, giving a high priority to partnership working, innovation, better design and improvements in training and helath and safety.'
Notes
1. Figures for construction growth since 1990 are:
Growth since previous year
1990 0.4
1991 -7.3
1992 -4.1
1993 -1.8
1994 3.4
1995 -0.1
1996 2.3
1997 3.0
1998 1.6
1999 1.5
2000 1.5
2. Construction Output accounts for around 8 per cent of the UK's Gross Domestic Product.
3. The publication dates of Construction Output and Employment Statistical Releases are pre-announced in National Statistics Updates.
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