[Another boring, serious post, but this is the chat room after all]
The last four to six weeks suggest a renewed sense of optimism in the construction sector and the wider economy. There have been a number of positive news stories that suggest there are signs that small incremental positive changes are beginning to take hold. This is far from a sustained, strong recovery but is a sign of changing sentiment.
With the IMF raising its forecast for economic growth in the UK from 0.7% to 0.9% and the Ernst & Young Item Club raising its forecast from 0.6% to 1.1%, the consensus is certainly moving into positive territory. But while sentiment seems to be turning positive this has yet to be evidenced through official statistics for the construction sector. Construction output was flat in May compared to the previous month in 2012 and UK GDP increased by a mere 0.3% in Q1 2013.
So are things really looking up, or should we remain cautious for now?