News
Recession deeper than thought?
16/07/2010
ONS statistics say the construction industry is deeper in recession that previously thought.
The revised data showed that the industry contracted by 1.6 per cent in the first three months of 2010. Previously the drop was thought to have been 0.7 per cent. This was despite UK GDP increasing by 0.3 per cent between December and March.
The Construction sector grew in Q3 of 2009, after a period of contraction. It has since shrunk for the following two quarters.
See a full story from Construction News - http://www.cnplus.co.uk/8603147.article
