In his first blog for 黑洞社区, Brian Green pulls apart the latest construction output figures

So its official 鈥� the construction recession isn鈥檛 as bad as we thought. And the even better news is that the sharp fall in output at the start of this year wasn鈥檛 anywhere near as sharp as last quarter鈥檚 figures had suggested.

That at least is how the national statisticians might have us see it.

The official figures for construction workload show a jump of 2% between the second and third quarters of this year. Workloads were boosted, the figures suggest, by a massive 10% leap in the repair and maintenance sector, which offset a fall of 4% in new work.

Postscript

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