Public Spending Limits Downturn

The latest ONS figures for construction output highlight the critical importance of public spending to the industry. Although total construction output rose 2% during the third quarter of 2009 compared to the previous quarter, this was primarily due to growth in public spending offsetting the continuing sharp falls in private sector construction. Taking the first nine months of 2009 as a whole, construction output is 12% lower than the same period in 2008.

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7th Dec 2009

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