Construction workloads continue to weaken, with further declines likely

Article Type: Newsbriefs From: Structural Survey, Volume 27, Issue 4

Keywords: Construction works, Recession

Construction workloads continued to fall sharply in the final three months of last year, according to the latest RICS UK Construction Market Survey. Total construction workloads declined for the third consecutive quarter, with the net balance falling to the lowest level in the survey’s history (Q2, 1994). A total of 46 per cent more chartered surveyors reported a fall than a rise. Private housing workloads remained the weakest category, with 66 per cent more surveyors reporting a fall than a rise over the period. The picture for public sector housing was a little better.