By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.

Close

Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Close

All the signs are that we are on the edge of a downturn - although we do not yet know how severe it will be State of the industry RESEARCH BY GLENIGAN.

At first sight, the figures for August suggest that we are galloping into recession, but in fact comparison with the figures for August 1997 suggest that the main component is a simple seasonal downturn. The jury is still out, however, on whether we are at the start of a recession. Ominously, the phrase, 'We mustn't talk ourselves into a recession,' is being heard again - last used at the start of the late 1980s downturn which proved that talking had little power one way or the other ...

GET INSTANT ACCESS

for less than 46p a day

Join thousands of professionals who already subscribe to the Architects' Journal.
You’ll get instant access to read this article -
and 53,000+ articles like it.

  • Trusted industry news & analysis, wherever you need itUnlimited online access and weekly magazine delivery – now also available on iPad/iPhone
  • Get ideas, get inside buildings and check precedentsBuildings Library – images, drawings and plans for exemplar projects in British architecture
  • Planning & regulation – what you need to know Protect your practice - the AJ keeps you up-to-date with changes to regulations and legislation
SUBSCRIBE & GET INSTANT ACCESS
or
The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters