Latest figures from CIPS paint a gloomy picture – but the outlook isn't all bad

The latest set of figures from the buyers’ body CIPS shows that construction remains mired in recession and the general pattern painted by the numbers provides little scope for optimism.

The level of incoming orders fell for the third month in a row, says the report. And this will be from a low base.

It all rather poses the question: where to from here?

It is perhaps ironic, given the figures, that the survey shows expectations for activity over the next 12 months continuing to grow. I’d not read too much into this, the survey does seem to have a significant optimism bias as we have seen before.

Read more on the Brickonomics blog.