Tuesday 31 July 2012

Construction Fall Deepens UK Recession

GDP figures from ONS show that the UK’s recession deepened further in the second quarter of 2012, led predominantly by further sharp falls in construction activity. Whilst overall, the UK economy shrank by 0.7% between Q1 and Q2, construction fell 5.2% over that same period, indicating that the construction sector was now in a deep depression, despite a number of recent initiatives by government to spur growth.




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