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Economic contribution to the WEST MIDLANDS© Centre for Economics and Business Research Ltd, 201121. The sector accounted for 7.0% of the region'sworkplace GVA in 2008.. The total contribution to regional GVA of the sectorstood at £16,457m in 2010. The correspondingregional multiplier is 91.5% of the UK multiplier,meaning that about 8.5% of the impact of theconstruction sector in the West Midlands is feltelsewhere in the UK. . The construction sector accounted for 6.3% of totalworkforce jobs in 2011, down from 7.5% in 2007.. A total 327,218 FTE jobs were supported byconstruction activity throughout the West Midlands in 2011, compared to the 405,897supported in 2007.. The construction sector comprised 21,725enterprises in 2011, 21,700 of which were SMEs.Their construction activities supported a further30,966 SMEs throughout the region - a total of52,666 being supported through construction supply chains.Source: ONS, Cebr modelling Direct GVA and employment contributions and total direct, indirect and induced impacts on the West Midlands regional economy Year 2007 2008 2009 2010 2011 GVA (£m, constant 2010 prices) 6,625 6,416 5,454 6,051 Total GVA impact (£m, current prices) 17,776 17,917 15,203 16,457 Direct employment (FTE jobs) 116,885 116,021 104,741 101,188 94,228 Total employment impact (FTE jobs) 405,897 402,897 363,724 351,389 327,218 . Construction output in the East of England declinedby almost 14% between 2007 and 2010. Cebrpredict, on this basis, that the real direct GVAcontribution to the region will have fallen by 9% over the the same period.. The volume of new housing saw a real terms19% decline in 2008 and a 20% decline in 2009.However, new housing increased by almost 28% in 2010.. The volume of new infrastructure grew by 20% in2009 and by nearly 38% in 2010, following a 9%real terms decline in 2008.. Employment in construction has been buoyant in2008 and 2009, but declined significantly in 2010and has continued to do so in 2011. . Employment is currently estimated to stand at117,935 FTE jobs, from a peak of 133,168 in 2009. Economic contribution to the EAST of ENGLAND© Centre for Economics 22and Business Research Ltd, 2011Source: ONS, Nomis, Cebr modelling Real GVA and FTE jobs in the East of England 110 115 120 125 130 135 7,400 7,600 7,800 8,000 8,200 8,400 8,600 8,800 9,000 9,200 2007 2008 2009 2010 2011 GVA constant prices (£m, LHS) Full-Time Equivalents (FTE) ('000s, RHS) |