The forecast for the Gross Value Added (GVA) per employee FTE in the UK’s road and railway construction sector indicates a consistent decline from 2024 to 2028. Starting at 68.6 thousand Euros in 2024, it decreases annually by approximately 4.4% to 56.8 thousand Euros by 2028, suggesting efficiencies or external pressures impacting productivity. This represents a cumulative downward trend and an averaged annual contraction, making it crucial to understand the underlying factors driving this decrease.
Future trends to watch for include:
- The impact of technological advancements in construction automation and their potential to reverse productivity declines.
- Government infrastructure investments and policy changes affecting the sector.
- Economic conditions, such as inflation and interest rates, that could influence industry funding and demand.