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Activity barometer predicts further construction job losses

More job losses amoung construction products firms are expected, the latest Ernst and Young and Construction Products Association Activity Barometer has revealed. .

With the sale of construction products expected to decline further over the coming months, more job losses are expected.

Nearly 70,000 jobs have already been lost in the industry with 9,000 going in the last three months.

The survey once again recorded a new low, giving an overall score of just eight for the first quarter of 2009 against a 50 mark representing ‘no change’.

The barometer score contrasts dramatically with a score of 80 less than two years ago.

Construction Products Association economics director Noble Francis said: “Once again the heavy side manufacturers are indicating the severest conditions, recording an unprecedented score of zero for the last three months as their sales continue to decline.

“The future picture also shows that virtually all manufacturers are expecting sales to carry on decreasing as the recession continues.

“Similarly light side manufacturers are enduring sales falls albeit it from a higher base, but they too are now predicting a very gloomy few months as their figures are expected to match those that the heavy side is currently experiencing.”