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Global Brief |
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12/22/2009 1:57:00 PM |
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London, Dec (EPC News): Construction Product Association of United Kingdom has said in its report that the association has seen a fall in sales although decline is at slower pace. |
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Construction product sales have continued to decline in the last three months, albeit at a slower rate than recent quarters, said the association release.
Noble Francis, economics director for the Construction Products Association, said that the latest figure contrasted sharply with the first half of the year when virtually all product manufacturers experienced a significant fall in sales.
He said, "Product manufacturers expect the decline in sales to continue into the New Year, with private sector construction still anticipated to be weak and December's Pre-budget Report indicating that government spending is expected to fall sharply over the next four years."
"It is critical that government does not cut spending in housing, education and transport infrastructure that is vital for long term economic recovery," he said.
Our Bureau
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