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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71409)	12/5/2009 10:18:03 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 74559

December 5, 2009 Revised construction figures suggest recession has ended Hopes that the recession ended between July and September were boosted yesterday after official statisticians made a “mighty revision” in their assessment of the construction sector. The Office for National Statistics (ONS) said that construction output rose by 2 per cent in the third quarter, contradicting its most recent estimates for GDP, which factored in a 1.1 per cent drop in construction output. The ONS said that the change would increase the overall GDP figures by 0.2 percentage points. The markets were shocked in October when the ONS said that its initial estimate for GDP showed that the economy shrank by 0.4 per cent in the third quarter. Analysts had expected an increase of between 0.1 per cent and 0.2 per cent. Last month the ONS revised that estimate to show a more modest 0.3 per cent decline. Yesterday’s revision could result in this figure being revised up to show a marginal 0.1 per cent decline when the final estimate of GDP is published on December 22. business.timesonline.co.uk