RICS Construction Market Survey Q3 2009

Citation

(2010), "RICS Construction Market Survey Q3 2009", Structural Survey, Vol. 28 No. 2. https://doi.org/10.1108/ss.2010.11028bab.010

RICS Construction Market Survey Q3 2009

Article Type: Newsbriefs From: Structural Survey, Volume 28, Issue 2

Keywords: Construction, Economy, Trends

All construction workloads fell in the third quarter according to the latest RICS survey of the sector with the exception of the non-housing public works category which is providing an important crutch for the industry. Workloads in non-housing public sector construction reached their most positive level since the first quarter of 2008 as the acceleration in planned public sector capital spending continued to filter through into new projects in education and health amongst other areas. Elsewhere, workloads continued to decline albeit at a lesser pace than in the second quarter of the year. The private commercial and industrial sectors remain the weakest part of the construction industry with larger negative readings than either public housing or infrastructure. Significantly, private housing saw a material reduction in the number of surveyors reporting falling workloads. As recently as the final quarter of last year, 66 per cent more surveyors were reporting a fall in workloads. This figure lessened to 49 per cent in the first three months of the year and 28 per cent in the second quarter but is now at just 5 per cent.