plasterjfe
Private Member
its going to be a bumpy ride:
A snippet from one of my monthly construction journals;
The UK construction industry is heading for a double dip recession, according to the latest Construction Products Association (CPA) industry forecast.
It predicts that construction will be the first major industry sector to fall back into recession following a temporary recovery in the first six months of this year.
Despite strong growth in the spring and early summer, the forecasts show output will fall in the remaining months of 2010 and the decline will continue into the first part of 2011.
Other worrying projects from the forecast are:
•Construction output will only return to the 2007 pre-recession level in 2019;
•Public sector including PFI output is expected to fall 26% over the next four years;
•Private housing starts in 2014 will be 18% lower than in 2006;
•Total housing starts will still be 41% lower than the figure required to meet anticipated annual population growth.
on a lighter note the premiership resumes this weekend
A snippet from one of my monthly construction journals;
The UK construction industry is heading for a double dip recession, according to the latest Construction Products Association (CPA) industry forecast.
It predicts that construction will be the first major industry sector to fall back into recession following a temporary recovery in the first six months of this year.
Despite strong growth in the spring and early summer, the forecasts show output will fall in the remaining months of 2010 and the decline will continue into the first part of 2011.
Other worrying projects from the forecast are:
•Construction output will only return to the 2007 pre-recession level in 2019;
•Public sector including PFI output is expected to fall 26% over the next four years;
•Private housing starts in 2014 will be 18% lower than in 2006;
•Total housing starts will still be 41% lower than the figure required to meet anticipated annual population growth.
on a lighter note the premiership resumes this weekend