Thursday, Jul 02, 2009
Construction sector deteriorates
Guardian: W-shaped recession feared as construction sector deteriorates
If demand really does exceed supply as Nationwide says then why are construction companies still not building any houses?
David Noble, CIPS's chief executive, said: "Against the backdrop of difficult market conditions the UK construction sector is on a knife-edge. After the improvements seen in April and May, the sector has retracted as firms battle to consolidate their position in the tough market. This data adds to speculation of a w-shaped recession."
Posted by roger ball @ 03:10 PM (158 views) Add Comment
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