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Tag: Hewes & Associates

Forecasters foresee a long road to recovery for construction

Forecasters foresee a long road to recovery for construction

The latest forecast for construction growth to emerge from the Construction Products Association suggests that construction will not see growth of any significance for at least the next two years.  However, while the central projection is for a distinct double-dip in workload, even the most pessimistic scenario presented by the forecasters does not envisage a drop in construction much beyond 5%.  That would be painful but far from as dramatic as the 17% collapse from the peak quarter at the start of 2008…

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Construction industry is forecast to face a second double-digit decline

Construction industry is forecast to face a second double-digit decline

Construction is heading for a very nasty tumble next year after the current spurt in workload fades. That at least is the assessment of the first major industry forecast released since the Chancellor’s spending review announcements. The construction forecast by Hewes & Associates suggests that after an unexpected 5.6% rise in construction over this year as a whole, the industry will slide sharply by 5.8% next year and 4.8% in 2012. It is worth noting that the forecast by Hewes…

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Brighter outlook from forecasters, but severe risks remain

Brighter outlook from forecasters, but severe risks remain

The forecasts from Hewes & Associates and Leading Edge sit interestingly against the other winter forecasts for construction output released over the past couple of weeks. They seem to back up the mood among other forecasters that construction workload might not fall as much was feared in the middle of last year. But what is most notable about the various forecasts when we put them together (see graph) is the spread of central projections for the path of construction output….

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Look east to find some shelter from the storm

Look east to find some shelter from the storm

My good friend Martin Hewes has just past me some details of the latest Hewes & Associates forecast for new work construction output.   It will not make for comfortable reading if you happen to be trading heavily in Yorkshire & Humberside.

Construction boom forecast to slump

Construction boom forecast to slump

The latest forecast from Hewes & Associates is not one that will fill the faint hearted with comfort as they return to work from their Easter break. Hewes’s rather bleak take on the prospects for UK construction suggests that the industry is heading for a fairly prolonged recession taking output in 2010 back to the levels seen in 2003.