All construction output articles – Page 5
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Are we witnessing an upswing in construction output? In a word: No
So its official – the construction recession isn’t as bad as we thought. And the even better news is that the sharp fall in output at the start of this year wasn’t anywhere near as sharp as last quarter’s figures had suggested.That at least is how the national statisticians might ...
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Falling construction helps hold UK in recession
An estimated fall of 1.1% in construction output in the third quarter of this year has helped to hold the UK economic growth in recessionary territory.Much to the surprise of many analysts the UK economy appears to have remained in recession, with GDP output falling 0.4% in the three months ...
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111,000 jobs lost to construction... and that is just the start
The latest employment figures make grim reading for the construction industry with the number of workforce jobs plunging by 61,000 in the second quarter of this year.This means that 111,000 jobs have been lost to the industry since they peaked in the autumn last year.In fairness the drop in workforce ...
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An uphill road to recovery
Despite welcome news that the UK construction sector is contracting at a slower pace, the industry is still struggling. August saw a reduction in the pace of deterioration. While reduced activity was again largely attributed to dampened demand for new orders, there are a number of issues challenging the sector. ...
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And the slump goes on …
The UK economy shrank by another 0.8% in the second quarter, according to preliminary figures. While the drop was markedly slower than the 2.4% decline in the first quarter of this year, it was still a much sharper contraction than many analysts had hoped for. It also marked the fifth ...
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Worst fall in output on record
The construction output figures from the Office of National Statistics covering the first quarter of 2009 highlight the true nature of the construction recession, or should we say depression, with considerable destocking leading to sharp falls in output. Total output in construction during the first quarter of 2009 fell an ...
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