20 Nov 2012

November 2012


The clocks have changed, nights are drawing in and we have had some early large snowfalls around parts of the country. Christmas ads are already on the TV. Winter is approaching. 

Construction and housing markets underpin the economy so it is disappointing to see that UK construction activity fell 13.1% in September from a year ago, as the sector's downturn steepened, Office for National Statistics figures have shown.

The month saw further big drops in new building by the commercial and public sectors (excluding infrastructure projects), both of which were down by a fifth from a year ago.House building saw a 5% bounce in the month but remains 12% below a year ago.

Further, we say goodbye to Comet who appointed Administrators on 2nd November.

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