All recovery articles
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NewsVaccine rollout to power construction to 14% growth this year, CPA says
But output not expected to return to pre-pandemic levels until next year
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CommentA good quarter in a bad half for construction
The industry needs to see stronger signs of increased activity if it is to enjoy a more sustainable recovery
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CommentThings may look slightly better in the housing market, but I wouldn’t get too excited
What are the medium-term prospects of the housing market?
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CommentFirst of autumn forecasts downgrades construction prospects
Message from first autumn forecasts to emerge is to prepare for slower recovery than expected
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CommentPan-industry construction survey points to weak private sector recovery
The Construction Products Association’s latest survey confirms predictions that private sector cuts are taking effect
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CommentIt still looks tough for civils firms, despite fewer pessimists
Work is still dwindling, but firms are more optimistic, finds the latest CECA survey
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Comment
Construction redundancies remain high while vacancies remain low
As the real business of governing the UK begins to wind up again, the latest employment figures will do little to cheer the incoming government as it prepares to put chalk marks on where deep public sector cuts will be made.The overall figures showed the rise of unemployment continuing above ...
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Comment
Buyers’ index suggests rapid growth in construction, how ironic
How ironic that just as the construction industry is sucking in its tummy and preparing for savage cuts the latest survey by the buyers’ body CIPS shows some of the strongest growth experienced over the past decade.As can be seen from graph on the right the current level of the ...
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Comment
Latest construction forecasts suggest there is more to fear than hope for
The latest round of forecasting by construction experts paints a picture little changed from three months ago with little hope of significant growth, much uncertainty and the risks to growth heavily weighted on the down side.The general pattern they expect can be seen from the graph (right).It shows that after ...
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It’s a double-dip recession for construction, if the statisticians’ first stab at growth is right
Construction has fallen into a double-dip recession – that is if the preliminary estimates by the statisticians putting together the first quarter 2010 gross domestic product figures are to be believed.The preliminary GDP figures put growth at a pallid 0.2% for the economy as a whole. This low level of ...
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Comment
Bulls in the housing futures market turn sheepish
There has been a sharp change of mood among the traders of housing futures who punt large sums on the level of house prices at given years ahead.Traders had turned bullish last autumn and even at the end of the year the Tradition Future HPI was showing a projected ...
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We’re still in recession says CIPS, despite official figures showing construction output growth
Here’s a question I ponder quite a bit. Why do the official figures show that construction grew in the second and third quarters of last year when to everyone else construction has remained mired in the slough of a nasty recession?Puzzling isn’t it. Even more puzzling that the estimates for ...
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Brighter outlook from forecasters, but severe risks remain
The forecasts from Hewes & Associates and Leading Edge sit interestingly against the other winter forecasts for construction output released over the past couple of weeks.They seem to back up the mood among other forecasters that construction workload might not fall as much was feared in the middle of last ...
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Mum: Are we out of recession yet?
You could feel the uneasiness among economists yesterday when the release of official statistics showed that the UK had just scraped enough oomph together in the final quarter of last year to stage a lacklustre return to growth.Most economists had expected the no-growth bar to be cleared by some margin. ...
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Comment
Why the forecast of a shallower recession is bad news for contractors
The latest forecast from the Construction Products Association suggests that the drop in future workload will not be as large as the forecasters had previously thought.The graph opposite compares the past three Construction Products Association forecasts.It clearly shows that with each progressive quarterly forecast the expected hole in construction workload ...
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Comment
Does the whole GDP debate really rest on dodgy construction output figures?
It has long been said that construction is an important bellwether in determining the shape of the nation’s economic progress.Today the performance of construction, or rather revisions to its measured performance, seemingly determined how close the UK is to recovery.The upwardly revised construction data put the nation yet closer to ...
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Comment
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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Comment
Recovery a long way off as industry awaits housing recovery
April's improved new orders figures from the Office of National Statistics - up 17% on March - brought some cheer, with encouraging signs of activity from housebuilding and other sectors. However, given that the first quarter numbers were the worst since records began in 1983, recovery is a way off ...
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Comment
Homes sales continued to perk up in April, but it's too early to call it a recovery
The official figures for property transactions will make comforting reading in April for those selling homes.They seem consistent with the prevailing view that the housing market, in terms of sales and not prices, is showing some signs of bouncing back up from the floor reached at the turn of the ...