Opinion: Lies, damned lies and building stats

Grant Prior 12 years ago
Share

Now we all know what it feels like on the naughty step.

The country has fallen into a double-dip recession and the finger is being pointed at a collapse in construction as a prime cause of the latest woes.

It’s hardly a shock to anyone in the industry that we are going through very tough times.

But can we really believe the Government number crunchers when it comes to construction figures?

The blunt answer is probably not – despite protests from the Office of National Statistics.

Officials at the ONS stand by their estimate of a 3% contraction in construction during the first three months of the year.

But the numbers have raised eyebrows all over the City following a series of bullish surveys from construction purchasing managers.

Buyers tend to be optimistic by nature while civil servants often err on the side of caution so the truth – as always – probably lies somewhere in between.

General output numbers are fairly meaningless for most contractors anyway  – the real question is how is your specialist sector, and region, performing?

General building is obviously going through a torrid time, but other areas are seeing brighter prospects.

Perhaps casting construction as a catch-all recessionary villain could do us all a favour in the long run.

It raises the public profile of an often neglected sector and rams home the message that under investment in the nation’s infrastructure is bad for everyone.

Those heavy ONS fingers on their calculators could prove to be a blessing in disguise for contractors.

If you are drowning  – it’s always better to be noticed.

Latest news

Ernst & Young appointed administrator at ISG

2,200 staff made redundant as EY winds down business
9 hours ago

ISG buyer claims contractor walked away from deal

Antipodean Holding says ISG suddenly broke off "fair deal" talks on September 12
13 hours ago

Prison building plans facing delays over ISG collapse

Contractor is one of Ministry of Justice's go-to firms for prison jobs
12 hours ago

ISG Fit Out arm follows others with administration notice

Whole company now set to be placed into hands of administrators
10 hours ago

ISG boss apologises to staff in late night email

Chief executive Zoe Price said announcement was due Monday but news leaked out early
17 hours ago

ISG files notice of administration

Six UK subsidiaries file court application to enter administration
1 day ago

“Strung along” subcontractors fury over fall of ISG

Suppliers and staff rage at bosses after being kept in the dark for months
1 day ago

Green light for 1m sq ft Cambridge science district

£100m Coldhams Lane scheme will consist of seven major buildings
17 hours ago

Oliver Connell margin hits record £15%

South east concrete firm sees pre-tax profit almost double to £20.5m
18 hours ago

Temporary works specialist trebles size with takeover

Independent Design House Group acquires Clarkebond
1 day ago

Top consultant tells clients stop using fixed-price contracts

Contractors' selective tendering policies force clients to rethink risk transfer
2 days ago

Winners named for £1bn Yorkshire storm overflow alliance

AtkinsRéalis, Morrison Water Services, Stantec, and Ward & Burke bag places
2 days ago

“Olympic” medals to crackdown on late payers

Gold, silver and bronze awards for payment speed and fines for non-compliant directors and firms
2 days ago

Morgan Sindall clinches £60m Cardiff school job

Work to start in November on new 900-pupil Willows High School
2 days ago

Pensioner dies after fall through hole left by contractor

Builder fined £150,000 after accident during bathroom renovation
2 days ago

Careys launches skills bootcamp for groundworkers

Training centre opens at contractor's former Wembley head office
2 days ago

Cala Group sold for £1.35bn

Investment groups including former owner sign deal
3 days ago

Balfour Beatty fined £285,000 after scissor lift death

Court hears how crane pushed over platform killing one worker and seriously injuring another
3 days ago

House builders fail to get seat on New Towns Taskforce

Policy and planning experts dominate Rayner New Towns Taskforce
3 days ago

Timber roof dropped in flagship HS2 station design rethink

New Curzon Street aluminium panel design offers better fire safety and cheaper upkeep
3 days ago

Plan in for 4,000 homes at Earls Court in London

£10bn scheme advances for London's largest development site
4 days ago

Former MD returns to head O’Keefe Construction

Lee Horsley returns to civils specialist to replace Marc Daly
3 days ago

Luton Town put in plans for new stadium

Construction to be completed by 2027 on new home for football club
3 days ago

Henry Boot looking to new boss to boost construction

Construction turnover down as division behind schedule winning work
4 days ago

Billington to expand Shafton works as order book swells

Low steel prices tempt clients to bring stalled projects to the market
4 days ago

Network Plus Services doubles profit to £32m

Turnover at private equity-backed business tops £500m
4 days ago

Coroner in training call after scissor-lift tragedy

Practical rescue training needed after worker crushed to death
4 days ago

Deal to re-start £37m Burnley flood defence job

VolkerStevin/Jacobs' Padiham scheme stalled when costs doubled
4 days ago

Big public procurement shake-up put back to February

Government delays Procurement Act go-live date by four months
4 days ago

Architecture boss joins Caddick as Design Director

Former DLA Architecture director Jason Clarke to boost contractor's design offering
4 days ago

Contractor services