Mill Hill East Transport (before the bean counters cut it all)


Tuesday, 2 October 2012

Evening Standard: "Recovery hopes dimmed by housebuilding ‘disaster’ "

Link to web site

"A 'disastrous' month for Britain’s building industry today raised fresh fears about recovery in the UK, as business leaders warned of stagnant growth and house prices fell again.

The latest alarming figures from the Chartered Institute of Purchasing & Supply showed the nation’s construction industry still stuck in recession during September. Housebuilders endured their worst month since a snow-blighted December 2010, while commercial building work saw its biggest slump for more than two years.

"Chartered Institute of Purchasing & Supply chief executive David Noble said:

"September’s figures show the construction sector’s cupboard to be well and truly bare, rounding off a disastrous quarter. After the longest continual decline in new orders for three years, this is of no surprise.

Looking ahead, there is little to be positive about. Homebuilding continues to be hit hard, and the commercial sector, so long the star of the industry, has lost its sparkle."

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