. Construction output in Wales has declined in realterms by 22% between 2007 and 2010. Thepredicted decline in the direct GVA contribution of the industry to the region is over 18% over thesame period.. The volume of new housing fell by 30% in 2008,and by 23% in 2009. However, new housingincreased by 30% in 2010, driven by 33% and 21%increases in private and public housingrespectively. While Wales is one of the few regionswhere new private housing growth exceeded newpublic housing growth, the start date for a significantvolume of public housing was brought forward to 2009.. The volume of new infrastructure has been growing steadily by 9% - 13% annually between2008 and 2010.. Employment in construction has been growing. In2011, Cebr estimate there to be 65,435 FTE jobs,which is 5% greater than in 2007. Economic contribution to WALES© Centre for Economics 6and Business Research Ltd, 2011Source: ONS, Nomis, Cebr modelling Real GVA and FTE jobs in Wales 58 59 60 61 62 63 64 65 66 - 500 1,000 1,500 2,000 2,500 3,000 3,500 2007 2008 2009 2010 2011 GVA constant prices (£m, LHS) Full-Time Equivalents (FTE) ('000s, RHS)

Economic contribution to WALES© Centre for Economics and Business Research Ltd, 20117. The sector accounted for just over 6.4% of theregion's GVA in 2008 (just greater than the UKaverage).. The total contribution to regional GVA was £6,948min 2010. The corresponding regional multiplier is90.9% of the UK multiplier, meaning that 9.1% ofthe impact of the Welsh construction industry is feltelsewhere in the UK. . The construction sector accounted for 7.5% of allworkforce jobs in Wales. This has been volatilewithin a margin of ± 1% to 2%.. A total 158,165 full time equivalent (FTE) jobsthroughout the regional economy are estimated tobe supported by construction in 2011. . The construction sector comprised 11,310enterprises in 2011. 11,155 were SMEs. Theirconstruction activities supported a further 12,773SMEs throughout the region - a total of 24,078being supported by construction supply chains.Source: ONS, Cebr modelling Direct GVA and employment contributions and total direct, indirect and induced impacts on the Welsh economy Year 2007 2008 2009 2010 2011 GVA (£m, constant 2010 prices) 3,144 2,848 2,551 2,572 Total GVA impact (£m, current prices) 8,381 7,900 7,064 6,948 Direct employment (FTE jobs) 62,255 60,773 63,495 63,872 65,435 Total employment impact (FTE jobs) 150,478 146,895 153,474 154,386 158,165