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Tag: Construction Products Association

Contractors face a £24 billion drop in new work

Contractors face a £24 billion drop in new work

UK contractors should prepare themselves for a £24 billion drop in the annual cash value of new work coming through as the recession reaches its expected bottom in 2011. Shrinking volumes and plunging prices threaten to drag the cash spent on buying new construction work down from £70 billion in 2007 to £46 billion in 2011. To put that drop in perspective it is rather like losing about three times the total construction budget of the London Olympics all in…

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Recession may cost 800,000 construction jobs – that’s one in three

Recession may cost 800,000 construction jobs – that’s one in three

The latest forecast from the Construction Products Association puts the annual peak to trough fall in construction at a shade above 20%. That probably translates to a 22% to 23% fall peak to trough on a quarterly basis, which compares with the 15% seen in the 1990s recession. This is a sharp downgrade from the forecast made just three months ago and is evidence of how the industry’s prospects have slipped deeper into the mire, despite the much talked of…

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5 reasons why we might be facing the mother of all construction recessions

5 reasons why we might be facing the mother of all construction recessions

It’s coming around to the construction forecasting season again and the industry prognosticators will be gathering to discuss the ups and downs of the industry. If I were you, I’d be bracing myself for some pretty savage revisions to what already look like pretty savage forecasts. Peak to trough in the 90’s recession we saw a drop in volume terms of 14% in workload. In the 1980s recession it was 16% and in the 1970s it was 20%, according to…

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