by Calculated Risk on 11/04/2008 12:21:00 PM
Tuesday, November 04, 2008
UK Construction Activity Declines Sharply
From The Times: Job cuts rise amid record construction fall
Construction activity in the UK fell at a record rate last month as demand for new houses and commercial property continued to wane amid the global financial turmoil, according to a key industry survey.Synchronized cliff diving ...
The CIPS/Construction Purchasing Managers' Index measured construction activity at 35.1 in October — the eighth consecutive monthly fall this year.
Demand for new housing again showed the greatest decline, while commercial property also performed poorly, with activity levels declining at a series-record pace.