UK economy

Structural Survey

ISSN: 0263-080X

Article publication date: 1 September 2004

Keywords

Citation

(2004), "UK economy", Structural Survey, Vol. 22 No. 4. https://doi.org/10.1108/ss.2004.11022dab.005

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited


UK economy

UK economy

Keywords: Economy, House prices, Construction

The RICS Economic Brief for June 2004 reported upon the Bank of England’s second consecutive rise in interest rates. There has been a modest slowdown in construction activity but over the last year, output rose by 9.1 per cent, the largest rise in almost 16 years. House prices remain robust but predicted further interest rate rises will dampen demand. This has occurred in Australia recently.