Wednesday, February 2, 2011

A forward indicator ?

Construction activity bounces back in January

Construction activity returned to growth in January, helped by better weather and a rise in new business, the monthly Markit/CIPS purchasing managers index showed on Wednesday. "Looking at the trend in the data over the past two months as a whole, the picture is one of very modest growth, well below the strong pace seen in the first half of last year."

Posted by khards @ 12:45 PM (1206 views)
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2 thoughts on “A forward indicator ?

  • sibley's b'stard child says:

    I’m not sure how much you can read into this. The father-in-law and brother-in-law are often without work between December – January due to seasonal lulls (scaffolders).

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  • the number cruncher says:

    I always do my building work October to Feb and have a team of 10 scaffolders running around at the moment helping my lads as we have about 5 new building going up. I am getting excellent prices. A little scam I use at this time of year is to hire plant for a week and they don’t bother collecting it for a month as they have no where to store it, saves us a fortune.

    As to the wider economy I think the article is rubbish, A neighbouring business has just asked me to lets his lads do all the road repairs on our joint access road as they are just sitting around waiting for the next one to be made redundant. He has lost over half his workforce in the last two years and business is looking grim, although my neighbour borrowed to build his business over the last 10 years, he never took a penny out of the company for himself and lived well within his means so he is surviving. Its good people like him in I feel really sorry for, plenty of his competition (who where always trying to buy him out with borrowed money) have now gone bust or are just a skeleton.

    Another business neighbour has just gone bust – a structural steel fabrication factory. But the story of those guys is a shady one and they have had plenty of Ferraris and Lamborghinis in last 5 years.

    as the story said: “Some of this was just a sort of base effect distortion in all probability” I think that tells the picture

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