Train4TradeSkills News: Which weather forecast to believe?
Today many media outlets have chosen to cast doubts about the construction industry due to a report by Markit/CIPS. You can judge for yourself what the report actually says by clicking on the link below. However, to save you the trouble, here are some key quotes from the report:
“Construction firms indicated that commercial output remained the fastest growing broad area of activity in May. The slowest expansion was seen in residential”.
“Companies that saw an increase in new business inflows mostly commented on competitive pricing strategies at their units.”
“However, construction firms added to their payrolls numbers for the third month running, driven by ongoing growth in business activity during May.”
“Input buying continued to rise during the latest survey period but, in line with the trend for new work,”
Tim Moore, Senior Economist at Markit said:“On a more positive note, the fall in inflation is allowing construction companies to price more competitively to win new contracts, but could be a double-edged sword as suppliers continue to see their margins squeezed.”
It makes one wonder what it takes to generate a positive headline in 2012?
Tell us your views here or on FaceBook
Guest contributor Rick Dawson.
Posted on June 6, 2012, in Building Construction Industry, construction jobs, construction news, Employment, t4ts, train4tradeskills, Train4TradeSkills News and tagged construction, construction jobs, construction news, practical training, t4ts, train 4 trade skills, train 4 trade skills news, train4tradeskills. Bookmark the permalink. Leave a comment.