. Construction in the South East has also performedwell, with output increasing in real terms by lessthan 2% between 2007 and 2010. Cebr predict areal terms decline in the industry's GVA contributionto the region of almost 3%.. New housing declined by 17% and 20% in 2008 and2009 respectively, but increased by over 36% in2010. The largest contributor was a 31% increase innew private housing. . New infrastructure grew by over 32% in 2009 and over 58% in 2010, following only a small declinein 2008. . The number of FTE jobs in the South Eastconstruction industry stands at an estimated174,235 in 2011, just over 1% less than its peak in 2009. Economic contribution to the SOUTH EAST of ENGLAND© Centre for Economics 26and Business Research Ltd, 2011Source: ONS, Nomis, Cebr modelling Real GVA and FTE jobs in the South East 158 160 162 164 166 168 170 172 174 176 178 10,200 10,400 10,600 10,800 11,000 11,200 11,400 11,600 11,800 12,000 12,200 2007 2008 2009 2010 2011 GVA constant prices (£m, LHS) Full-Time Equivalents (FTE) ('000s, RHS)

Economic contribution to the SOUTH EAST of ENGLAND© Centre for Economics and Business Research Ltd, 201127. The sector accounted for 6.6% of the region'sworkplace GVA in 2008, above the UK average of6.4%. The South East has the largest constructionindustry in the UK in absolute terms.. The total contribution to regional GVA of theindustry stood at an estimated £32,732m in 2010.The corresponding regional multiplier is 94.6% ofthe UK-wide multiplier, meaning that only about5.6% of the impact is felt outside the South East. . The construction sector accounted for 7.4% of totalworkforce jobs in 2011. This was as high as 7.6%during 2008-09.. An estimated total 508,114 FTE jobs weresupported by construction activity throughout theSouth East in 2011, just over 1.4% lower than itspeak in 2009.. The construction sector comprised 45,265enterprises in 2011, 45,240 of which were SMEs.Their construction activities supported a further52,441 SMEs throughout the regional economy - atotal of 97,681 SMEs being supported throughconstruction supply chains.Source: ONS, Cebr modelling Direct GVA and employment contributions and total direct, indirect and induced impacts on the South East regional economy Year 2007 2008 2009 2010 2011 GVA (£m, constant 2010 prices) 11,983 11,660 10,906 11,635 Total GVA impact (£m, current prices) 33,259 33,679 31,447 32,732 Direct employment (FTE jobs) 165,691 173,265 176,625 165,052 174,235 Total employment impact (FTE jobs) 483,198 505,284 515,085 481,335 508,114