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Why is confidence rising in the construction industry when it appears set for recession?

Why is confidence rising in the construction industry when it appears set for recession?

I have noted from conversations I have had recently a more confident air about the future within construction this side of the New Year. And the latest Markit/CIPS survey seems to add to this anecdotal evidence with its finding that confidence in the sector in January improved “to the second-strongest degree in the survey history to reach the highest since May 2011”. I’m not sure what that actually means in numbers but it sounds like a lot of improvement.

Public sector job cuts and the housing market

Public sector job cuts and the housing market

There has been some rather unsettling data released over recent days for those who fear falling house prices. The latest Bank of England data showed seasonally adjusted mortgage lending falling by 10% in December to a level not seen since May 2009 when the housing market slumped. Nationwide’s house price index showed a further slight fall of 0.1% in January, which when other indicies are considered suggest prices are on a downward path. Meanwhile there are worrying signs of falling…

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