maren seibold

• And the slump goes on …

  Building Blog | 27 Jul 09 12:12 pm

  The UK economy shrank by another 0.8% in the second quarter, according to preliminary figures. While the drop was markedly slower than the 2.4% decline in the first quarter of this year, it was still a much sharper contraction than many analysts had hoped for. It also marked the fifth consecutive quarter-on-quarter decline. The larger than expected fall in second-quarter GDP should hold back excessive optimism regarding the speed and sustainability of any UK economic rebound.Construction ...

• Global forecasts getting less dreary, but looming black cloud of government debt

  Building Blog | 26 Jun 09 2:08 pm

  With all the talk about increasing signs of economic “green shoots” in recent months, it was perhaps too easy to suddenly relax and think that the good times are just around the corner.

• UAE construction tenders to fall up to 15%

  Building Blog | 7 May 09 4:19 pm

  Last week, we published our latest forecast for UK tender price inflation, in which we predict tender prices to decline by a further 6-9% this year and another 3-5% in 2010, due to increased competition as jobs complete and contractors chase a dwindling supply of work, as well as lower building material prices.

• Construction orders reveal industry’s pain

  Building Blog | 7 May 09 10:33 am

  The March figures for construction new orders were only marginally better than those seen in the previous two months and there are still little signs that point to any stabilisation in industry workload.

• Brace for public investment cuts

  Building Blog | 23 Apr 09 10:25 am

  Three things stood out in yesterday's Budget: First, the shocking state of UK public finances, second, the Chancellor's gambling on a very rapid rebound of the economy to make his numbers add up and third, that the construction industry will almost desperately hope for private sector demand to return by 2011, as from then public capital investment will be fiercely squeezed.

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