Page 21 - vwuk-1-7

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Mixed messages are coming from the various markets. Some sectors and organizatons are reportng growth, some hire companies are seeing higher utlizaton rates, and Contractors World is caught in the middle!

     However, Roger Lindley, Publisher/Editor of Contractors World believes that, with the steps companies have taken, some of the recent ‘fast-track’ initatves announced by the Government (at this tme only words, nothing actually actvated) and opportunites such as those that will come from Libya and other regions, the markets are primed for recovery.

    The following statement from the Constructon Products Associaton does not make for very encouraging reading but, as the following artcle goes on to say, there is some serious lobbying of Parliament to stop making announcements and to start implementng programmes.

Construction Facing Worst Decline for More Than 30 Years

With so many statistics flying out from different ‘research organisation’, it is getting a little difficult to nail down something specific. Some contractors say that they are doing very well, others are struggling. Same with plant hire companies where there are so many mixed messages on the state of the industry.

The European Union seems to be equally dumbfounded as to the real situaton and what steps are necessary.

But if the latest statement by the Construction Products Association is anything to get by, then the industry has to buckle up and prepare for the long haul .

Constructon actvity is unlikely to return to growth untl 2014, sparking the worst decline for 30 years, according to the latest Constructon Industry Forecasts, which were published recently Since the start of the economic downturn in 2007 more than £32 billion of constructon actvity has been lost.

Commenting on the latest figures, Michael Ankers, Chief Executive of the Construction Products Association, said, “Although government is committed to cut capital expenditure by 20% over the next four years , the hoped for robust recovery from the private sector, to compensate for these cuts, is not materialising. With both the commercial and housing sectors sti l l performing badly, our latest forecasts indicate that construction output wi l l fal l by more than 1% this year, a further 3.6% next year and no growth in 2013. Recovery finally arrives in 2014, but by then we will have experienced the worst decline in constructon actvity for more than 30 years. It is essental that more is done by government to kick start the economic recovery.

“Despite the government’s desire to support housing recovery, housing starts in 2012 will be the second lowest year since 1945. Private sector housing is slowly recovering. Unfortunately public

Construction News - Economic Update

The top chart shows sales volumes for the past 12 month (form Q3). The botom chart show expected sales for the next 12 months

Page 21 Contractors World - UK & Ireland Vol 1 No 7

Page 21 - vwuk-1-7

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