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No hope of recovery

Language: English Series: Contract Journal ; vol 358 no 5824 6/6/91 p9Publication details: 1991Subject(s): Summary: Workload is falling sharply and - because falling demand causes weak prices - the profit downturn for construction work will not be just `sharp` but `calamitous` according to stockbroker County NatWest WoodMac . The lead time between orders and output is such that it will take until 1993 before there can be an increase in annual output.

Workload is falling sharply and - because falling demand causes weak prices - the profit downturn for construction work will not be just `sharp` but `calamitous` according to stockbroker County NatWest WoodMac . The lead time between orders and output is such that it will take until 1993 before there can be an increase in annual output.