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

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 ...

Subscribe to the AJ from £3 per week


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 50,000 others 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

Already subscribed? Sign in here

For less than the cost of a pint you can have the magazine, iPad edition, full access to and the amazing Subscribe now and experience architecture from a British perspective. The AJ - it's your journal.

Architects' Journal Subscribers:

If you are an AJ subscriber please sign in with your email address and click submit:

Our records show you are already a registered user. Please sign-in with your password...

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

Not an AJ subscriber?

Subscribe today for immediate access at a special introductory rate

Subscribe today

Subscribe today

Need help? Call 0844 848 8859 and our customer service team will be happy to assist.

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters