In the UK, as in much of Europe and the United States, construction still remains depressed and slowing in late 2011. Basic housing is down, and commercial construction is also down. There are however a few bright spots to this. If you can switch gears, and take advantage of them, then your business may very well be okay. In this piece we will go over where the up trends are and where the down trends are. This is so that you have the right information to make good decisions in your business plans.
Sometimes when you look at the UK construction business in 2011 all you see is the bad. After all, housing down 24%, spending on education construction is down 23%, and spending on roads and bridges is down 7%. This is dreary news, but it isn?t particularly surprising. After all, the economy continues to be shaky. The debt crisis in the Euro Zone is frightening, and the US economy is not rebounding. People are nervous about buying new things, and government needs to conserve.
It seems that there?s always a silver lining in every cloud. In the construction industry it comes in the form of social housing and medical construction. Social housing is up a whopping 19% and medical construction is up 17%. These are pretty impressive numbers, but shouldn?t surprise us. It is no surprise that at a time when the economy is shaky social housing starts are up. Also, our aging population means more and more medical care, so the medical facilities make sense as well. In addition to industry, construction can also be divided by area. The Southeast, Southwest, and West Midlands have all experienced the good amount of growth in the last year.
This means that if you are in the construction business there is a bright spot. There are places where growth is happening, and you may want to consider rethinking your business to take advantage of these opportunities. If you have employees, most will be willing to retrain in order to meet the needs of the new construction opportunities. Just like always, in most struggles there lies opportunity.
When times are tough and you own a business it can be scary. There is however always opportunity for those who are willing to seek it out. At the moment that opportunity appears to be in social housing, and medical buildings. These are definitely the two best areas for construction at the moment.
Read On : Storage Buildings Or Modular Buildings
Source: http://www.verysimplearticles.com/the-effect-of-the-recession-on-the-uk-construction-industry/
bob dylan hatteras island plantar fasciitis cmp region region jay z
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.