Construction firms hopeful

Ben Southwood
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CONSTRUCTION output stayed flat in the third quarter, according to data released today, but expectations climbed to a four year high.

Total workloads continued to edged down during the period, data from the Royal Institution of Chartered Surveyors revealed, but the index level improved from minus four per cent in the second quarter to minus two per cent between July and September.

And the index measuring firms' expectations for 12 months ahead improved from 16 per cent to 29 per cent – a four year high – as profit expectations climbed from minus 26 per cent to plus 10 per cent.