Tough year ahead for Construction

A Construction Trade Survey has been published today and suggests a difficult year ahead. 
During the end of 2012 the industry suffered because of "declining output and orders on the demand side, combined with rising costs on the supply side." Some of the key numbers from the survey are as follows:
- 23% of building contractors reported that, on balance, output fell in the private commercial sector, whilst in private new housing output flatlined
- 43% of large and medium sized building contractors, on balance, suggested that tender prices reduced in 2012 Q4
- 46% of contractors, on balance, reported falls in profit margins, down from 49% in Q3
More information available