Brickonomics

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• Falling construction helps hold UK in recession

  An estimated fall of 1.1% in construction output in the third quarter of this year has helped to hold the UK economic growth in recessionary territory. Much to the surprise of many analysts the UK economy appears to have remained in recession, with GDP... Posted Oct 23 2009, 10:40 AM by Brickonomics Filed under: construction output, recession, GDP

• Economy not as bad as we thought thanks to construction

  The fall in GDP wasn't as big as we thought thanks to stronger than estimated construction activity. That is the assessment of the statisticians who put together the national accounts . But is this good news or bad news for construction? Read More... Posted Sep 29 2009, 11:51 AM by Brickonomics Filed under: construction output, statisticians, green shoots, GDP

• GDP figures stick with estimate of 2.2% fall in Q2 construction output

  No surprises in the GDP figures out today, after the savage revisions made to the previous quarter. Things aren't quite as bad as first thought. GDP was revised up gently from a drop of 0.8% in the second quarter to a drop of 0.7%. This was down to... Posted Aug 28 2009, 11:06 AM by Brickonomics Filed under: construction output, GDP

• Recession deeper than we thought says Bank of England

  The recession is proving to be deeper than the Bank of England expected when it previous produced an inflation report in May. That in part explains the extension of the quantitative easing programme that rather surprised many commentators. I have cut... Posted Aug 12 2009, 12:44 PM by Brickonomics Filed under: inflation, interest rates, quantitative easing, economy, Bank of England, economic crisis, GDP

• Seven years of construction growth wiped out say GDP figures

  The latest GDP figures showed a marked slowdown in the rate of collapse of the economy. But the drop of 0.8% was significantly more than economists were expecting, if the mood judged by Reuters gives a fair assessment. The median of its poll of economist... Posted Jul 24 2009, 11:22 AM by Brickonomics Filed under: construction industry, construction output, economy, GDP, construction

• Construction shrinks at the fast rate ever recorded

  It was with genuine shock that I looked at the latest output figures . I was busy finishing something off when Nobel Francis of the Construction Products Association called to ask if I'd seen the figures. I thought he was pulling my chain when he... Posted Jun 05 2009, 11:53 AM by Brickonomics Filed under: construction industry, construction output, recession, GDP, construction, forecast, destocking, record books

• Latest GDP figures confirm plunging construction workload

  The update on the preliminary GDP figures for the UK's economic growth confirm construction activity was down in the first quarter by 8.6% compared with a year earlier. This puts industry workload on a level with that last seen in the summer of 2003... Posted May 22 2009, 11:30 AM by Brickonomics Filed under: construction output, recession, economy, GDP

• Little to stop the slide in house prices, says Hometrack

  Two weeks ago there was growing optimism within the housing market. One budget later and there is every sign that we may re-enter a period of deepening pessimism with commentary to suit. I'd be surprised if the latest British Bankers' Association... Posted Apr 27 2009, 01:55 PM by Brickonomics Filed under: house prices, housing market, house building, housing demand, green shoots, British Bankers' Association, GDP, Budget, Richard Donnell, land, IMF, Hometrack

• Construction collapse was faster than first thought, say ONS statisticians

  Construction output fell a further 2.4% in the first quarter of this year, according to estimates plugged into the official data used to calculate the UK gross domestic product . The figures for total output of the UK economy in the first quarter show... Posted Apr 24 2009, 11:47 AM by Brickonomics Filed under: construction output, statistics, statisticians, ONS, economy, GDP, Budget

• Recovery soon for construction?

  The torrent of economic good news gushing from economists and think tanks is almost overwhelming. Hell's teeth it is a boost to confidence. But does this mean that the recovery is in sight for construction? Read More... Posted Apr 20 2009, 02:45 PM by Brickonomics Filed under: construction industry, Alistair Darling, economy, Bank of England, GDP, CEBR, Item Club, David Miles, Chancellor

• Homeowners turn their backs on using their homes as a bank

  I was intrigued by the response from the surveyors' body RICS to the latest Bank of England figures for Housing Equity Withdrawal . The figures show a continuation in the rapid repayment of housing debt, as the graph below shows, and this will have... Posted Apr 01 2009, 06:38 PM by Brickonomics Filed under: RICS, credit crunch, economy, Bank of England, Housing equity withdrawal, economic crisis, GDP