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UK: Construction barometer hits new low

Posted on 09 October 2008

From Constructionnow.co.uk: Construction product manufacturers have reached another new low by returning a figure of just 26 in the latest Ernst and Young, Construction Products Association, Activity Barometer, compared to the 50 mark, which represents ‘no change’.

This is the lowest result since the barometer started 15 quarters ago and a sharp downturn compared to the second quarter of 2007, when the barometer peaked at 80. Construction and materials manufacturers have been suffering since the beginning of the economic slowdown in August 2007 and the optimism within the industry in recent years has been fading fast…… Full Article: Source


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