Construction industry looking up

Published on 15/05/2012 16:01

CONSTRUCTION workloads in the East of England increased in the first three months of the year according to a new market survey.

Four percent more chartered surveyors across the region reported increases rather than decreases in workloads according to the latest RICS Construction Market Survey released on May 10.

This is an improvement of the negative reading seen towards the end of 2011

Predictions for future market activity have also seen an improvement with 22 per cent more respondents expecting to see a rise in their workloads over the next 12 months.

Simon Rubinsohn, RICS Chief Economist, said: “The start of the year saw a cautious level of optimism develop across the UK construction industry.

“Workloads rose across the sector, albeit modestly, and this looks as though it could continue over the next twelve months. Promisingly, this could also result in an increase in the numbers of jobs created in the sector.”

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