News
Glenigan: Repair and Maintenance work lifts construction output
12/12/2009
At first glance the latest official figures from National Statistics offer some cheer for the battered construction industry, with a small 2% increase in output during the third quarter technically bringing the industry out of recession. However, the rise in output has been driven by higher repair and maintenance activity; public sector non-residential R&M work was especially strong, leaping 26% higher against the previous three months. An estimated 6% rise in private home improvement work is also surprising given the continued weakness of the housing market and consumer confidence.
This reproduced from the Glenigan subscriber newsletter with kind permission for CIMCIG members. To read more visit http://www.glenigan.com/newsletter09/dec8th_custnews.asp
