Forecast: Hours Worked in Building Completion and Finishing in the UK

The forecast for hours worked in building completion and finishing in the UK shows a steady increase from 2024 to 2028, starting at 378.09 million hours and rising to 391.12 million hours. This trajectory follows the actual 2023 figure, reflecting a cautious optimistic recovery in the sector.

The year-on-year variation highlights a modest and consistent growth rate, which can be attributed to a stable demand and possibly enhanced productivity or efficiency improvements. The last two-year growth continues this trend.

The compound annual growth rate (CAGR) over these five forecasted years signals a healthy albeit moderate increase, underscoring resilience in the sector.

Future trends to watch for include the impact of technological advancements on workforce efficiency and potential regulatory changes that might alter labor demand dynamics. Additionally, economic conditions post-Brexit will also play a critical role in shaping hours worked in this sector.