Building industry orders: signs of recovery

graeme at 2:41 p.m. Thu 12 Nov 2009

Orders in the building industry were flat in the third quarter with an increase public sector housing and infrastructure spending offset by declines in all forms of private sector spending and other types of public sector spending.

These trends appear to have reversed in September, but the monthly figures fluctuate a great deal, so it is too early to be too sure of this. However, in conjunction with news from companies in the sector, there does seem to be a bit of recovery.

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