Friday, Jul 18, 2008
less orders = fewer jobs = higher unemployment
Building.co.uk: Industry hits 18-year low as prices rise and demand cools
The credit crunch, combined with the rising cost of raw materials and energy, has led to the sharpest fall in construction activity in 18 years.
Market forecaster Experian’s index of national construction activity fell to 40 during May, its lowest level since June 1991. Meanwhile, the orders index slipped below 50 for the first time in more than a decade, indicating a big decline in orders.
Posted by debtfree @ 09:48 AM (204 views) Add Comment
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