How's the Construction Sector Going..?

Generali

http://www.businessinsider.com.au/uk-construction-pmi-2013-12

November data pointed to another strong upturn in the UK construction
sector, with output and employment both rising at the sharpest rate since August 2007. Growth of business activity was broad based across the three main areas of construction, with residential building again the best performing category. Higher levels of output were supported by the joint - fastest expansion of incoming new work since September 2007

GDP growth of well over 3% in 2014 isn't unlikely IMHO and 4% is well within possibilty. It's your super soaraway Britain!

Kennyboy66

Generali wrote: »

http://www.businessinsider.com.au/uk-construction-pmi-2013-12



GDP growth of well over 3% in 2014 isn't unlikely IMHO and 4% is well within possibilty. It's your super soaraway Britain!
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We'll be getting Aus $2 to the pound by the next ashes tour.

Generali

Kennyboy66 wrote: »

We'll be getting Aus $2 to the pound by the next ashes tour.

That's about the target of the economists at work.

We get $3 for a Pound

was the chant in 2003.

michaels

It is going to be very interesting when they do the annual review of forecast accuracy for 2013 - remember Q1 when we were discussing triple dip, I think you would have got fairly long odds on something North of 2.5% for the year

Edit: if we do see above trend growth then no doubt there will be a rapid narrowing of the PSBR and no doubt calls from certain quarters to increase spending - forgettign the whole reason we are facing the painful fiscal tightening is because at the peak of the last cycle the books were cooked so that there was no need to run any sort of surplus. I am sadly not convinced that the public will not be abel to be bought with the promise of spending money borrowed on their behalf

Kennyboy66

michaels wrote: »

Edit: if we do see above trend growth then no doubt there will be a rapid narrowing of the PSBR and no doubt calls from certain quarters to increase spending - forgettign the whole reason we are facing the painful fiscal tightening is because at the peak of the last cycle the books were cooked so that there was no need to run any sort of surplus. I am sadly not convinced that the public will not be abel to be bought with the promise of spending money borrowed on their behalf

Really don't think the PSBR will narrow by anywhere near enough by the next election.

I wonder anyway how widespread this will be, just as loud will be the Tory calls to cut taxes. Education & Health don't seem any worse than 3 years ago, and pensioners have been largely protected.

Labour's weakest point by far is the economy - they had to promise to stick to Ken Clarke's spending plans to win in 1997, he subsequently admitted the Tories would have ripped them up.

ruggedtoast

Probably the only good thing about how little building there has been is that construction has real potential as a growth industry now.

I read somewhere else that manufacturing is growing strongly too.

I am going to be very annoyed if it looks like Osborne did manage to save us after all. It will be a real boot in the danglies of all lefties.

Loughton_Monkey

Generali wrote: »

......GDP growth of well over 3% in 2014 isn't unlikely IMHO and 4% is well within possibilty. It's your super soaraway Britain!
[/FONT]

Just got home from a nice lunch.....

Sounds good. I think I'll go and have a very large gin & tonic to celebrate, while Mrs LM gets to take the dog out.

Conrad

"Are you feeling the new prosperity era emmerging?
I'm sensing it bigtime now"

Conrad 07-03-2012, 11:44 PM









https://forums.moneysavingexpert.com/discussion/3614323

Conrad

Spending_Expert wrote: »

Debt fueled housing bubble with the tax payer picking up speculators losses. A recipe for disaster.

All sectors are up.

As to debt fuelled housing bubble, we're still way below peak mortgage activity and my business numbers indicate people are putting down substantial deposits.

I think a lot of cash savings are going into B2L.

Generali

The reason house prices soar whenever demand starts rising is because supply can't match it. Hopefully this is a sign that changes to planning rules have meant that's no longer the case.

That should mean higher employment, lower house prices than would otherwise be the case and more happiness.

Masomnia

Generali wrote: »

The reason house prices soar whenever demand starts rising is because supply can't match it. Hopefully this is a sign that changes to planning rules have meant that's no longer the case.

That should mean higher employment, lower house prices than would otherwise be the case and more happiness.

All sounds good to me.

I'm not a HPC fanatic, but I would like to be able to buy a house at some stage :P