Double Dip Time?

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’d be really interested to hear your views on this. 

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…

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About Me

I’m now the Managing Director of Mynott Associates Limited my own specialist measurement business. I’ve been in the industry all of my life since I left school. My first job was with Bovis Construction as a management trainee where I trained to become a quantity surveyor. I’ve worked for contractors all through my career, I am FRICS, FCIOB and MCIHT qualified and act as an RICS assessor. I’m also a keen Arsenal supporter having followed them from a young boy

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