More than a quarter of building products companies think recession has already started in the UK, according to financial analysts Plimsoll.
However, a third think there are no signs of recession, another quarter believe they can maintain market share by cutting margins and another 14% are trying to maintain margins but pay off debts.
These conclusions are based on a study of 355 companies. The 96 (27%) who think recession has started have seen sales decline 11% in the past year. All are making a loss and are at risk. And they are predominantly smaller businesses.
Overall, the building products supply sector is not in recession. It is growing at 3% a year with profitability at 4% of turnover and productivity at a healthy Â£99,000 per person.
The figures are included in the Plimsoll Portfolio Analysis Building Products, available for Â£305 (with 5% discount if you say you read about it in Natural Stone Specialist). For details: