Here we go then….the Construction Products Association is saying we are in for a rough ride again this year and next year too. They predict that this year output will fall by 0.8% and next year by 2%. This will make it the most miserable time for many of us if that’s true.
‘The Mail’ on line even predicts the same (but don’t they always) stating that construction output in the three months to end of February fell a massive 18.3%, fuelling fears that things are about to get even tougher as this is all before the government’s austerity measures kick in.
The IMF has also downgraded it’s 2011 growth forecast for the UK to 1.75% (it’s third downgrade this year)
Yet here is some contradictory evidence.
Take a look at this from the Train4TradeSkills News section. They quote from the Markit/CIPS UK Construction PMI Index ‘UK construction companies reported a strong end to the first quarter, with activity rising at a similar pace to the eight month high recorded in February’.
So what’s going on?
What do you think?
Is it all doom and gloom out there or are there chinks of light for you and your business?
I know for us it’s one hell of a rollercoaster ride, one moment you are really busy and the next you are in the doldrums, but then that’s the joys of being in this game isn’t it?
And on a lighter note perhaps we should all go to Brazil and build Lego towers instead…