Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

RICS: Construction workloads fall for fifth quarter in a row

Workloads continued to fall in all parts of the construction industry bar public sector non-housing works according to the latest RICS construction market survey.

Construction workloads remained in negative territory for the fifth consecutive quarter with 26 per cent more surveyors reporting a fall rather than a rise in overall workloads, up from 45 per cent more reporting a fall in the first quarter.

However, workloads in non-housing public sector construction reached their most positive level since the fourth quarter of 2007 as the increases in state spending started to filter through into new projects in education and other areas.

The worst hit areas were the private commercial sector and the private industrial sector which recorded negative net balances of 41 per cent and 39 per cent respectively.

The outlook for the next twelve months is still depressed albeit less so than in the previous quarter.

Optimism for workloads is creeping toward positive territory with the net balance standing at -8 per cent.

Confidence is most negative in regard to profit margins with 48 per cent more surveyors anticipating a further squeeze.

RICS chief executive Simon Rubinsohn said: “Activity is still declining across the construction sector but state spending is providing some much needed support for the construction industry with public sector works reaping the benefits.

“The improvement in news flow also appears to be filtering through to the private housing sector although workloads are still falling.

“Against this backdrop, the employment picture will deteriorate further with more redundancies likely to be announced in the sector over the balance of this year.”

Related Jobs