Many thanks to Mel Budd of Leading Edge who sent me the consultancy's latest forecast. For simplicity's sake I have put the base figures for output in a graph with the other industry forecasts.

What is striking is the growing consensus that things are looking horrid and there is a lot more worseness on the way.

So one for the file marked "Gloom". And if you haven't so far set one up perhaps you should, or at least something vaguely of that ilk. Because gloomonomics will be the ascendant discipline in construction for a few years to come and you will need all the information you can get.

As they say in all the best war films: "Know your enemy".

Industry forecasts 30 07 09.gif