Keywords
Citation
(2010), "RICS Construction Market Survey Q4 2009", Structural Survey, Vol. 28 No. 3. https://doi.org/10.1108/ss.2010.11028cab.010
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
RICS Construction Market Survey Q4 2009
Article Type: Newsbriefs From: Structural Survey, Volume 28, Issue 3
Keywords: Construction industry, Public sector, Private sector
Total construction workloads continue to fall in Q4 2009 and at a slightly faster pace than in Q3 2009. All sectors recorded declines in workloads, but there was considerable sectoral variation with the public sector faring relatively better than the private sector. Workload expectations deteriorate but remain positive, while profit and employment expectations remain negative. The Q4 RICS Construction Market Survey showed more surveyors seeing a decline rather than an increase in total workloads. Indeed, the net balance fell to −12 per cent in the final three months of the year from – 6 per cent in Q3, which marks the seventh consecutive quarter of contraction. Two common themes identified by surveyors that are hampering activity are general election uncertainty and a continued lack of development finance.