Sense publishes November Quarterly Construction Industry Inflation Report
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10/11/2009
Sense, the cost consultancy arm of the Mace Group, has published its final construction industry inflation report for 2009. This quarterly report is a download from the Sense website and provides an insightful overview on the current state of pricing within the construction sector and of the market itself.
"Hopes that the economy would emerge from recession in the third quarter were dashed by preliminary data to suggest sharp falls in production and quarrying affected by an overall contraction in GDP for the sixth consecutive quarter. However, with the sizeable financial and business services sector flirting with recovery, prospects for the economy in the fourth quarter are considerably stronger.
Heavily negative investment intentions, the growing impotence of the public sector and the persisting constraints on the availability of finance make for a bleak medium-term outlook for the industry. Rationalisation programmes are still underway and operations are continuously under review as contractors and consultants alike prepare themselves for a further deterioration in conditions leading to what promises to be a long haul to recovery. Maintaining a competitive edge is key in an environment where the deflation in input costs has been very modest elative to the steep contraction in tender prices."
To read the full report, please download the July 2009 Inflation Report PDF here:
http://www.sense-limited.co.uk/reports
