Sense

Presenting Sense Limited's Quarterly Construction Industry Inflation Report

Economists believe the UK officially exited its longest recession since World War II in Q4 2009, but construction still has further to fall before the impact of six quarters of negative growth and a highly constrained lending environment has delivered in full.

Commercial output plunged by a quarter in 2009 and a substantial £13bn was wiped off construction output in just 12 months. The worst of the contraction may be behind us but no discernable recovery is likely before 2012.

Output, and hence level of work, may still be falling but commodity price inflation, governed by production levels and the global market, is already beginning to resurface. As cost pressures mount, quite how contractors can reconcile falling...

To continue reading the full February report, please click on the PDF download, right.

Issue 1: September 2008

Issue 2: December 2008

Issue 3:  March 2009

Issue 4: July 2009

Issue 5: November 2009

Issue 6: February 2010