Construction industry boost but outlook remains uncertain

CONSTRUCTION workload, as measured by the Royal Institute of Chartered Surveyors (RICS) survey, has increased for the first time in two years, the latest data revealed yesterday.

The RICS quarterly survey of the UK construction market showed that the headline net balance swung into positive territory in the first three months of the year despite surveyors having continuing concerns about a lack of finance for development.

However, there were significant sector variations, with the private industrial and infrastructure sector in negative territory, while all other sectors reported gains.

Regionally, there was a sharp positive turnaround in workload in London and the south east, whereas in the north and in Scotland activity went into reverse.