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Steady but slow

Series: RICS Economic Forecast ; August 2004 (4)Publication details: 2004Subject(s): Summary: According to the latest "RICS economic forecast: construction output", the construction industry looks set to see another year of firm growth after annual output hit 9.1% in the first quarter of 2004. This growth is expected to continue into 2005 but a slowdown is expected in the latter part of the year as public spending growth slows. Wages for construction workers have increased as has the demand and increased competition for skilled workers. The full report can be viewed at: http://www.rics.org.
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News article London News article WB4032-02 (Browse shelf(Opens below)) 1 Available 127109-1001

According to the latest "RICS economic forecast: construction output", the construction industry looks set to see another year of firm growth after annual output hit 9.1% in the first quarter of 2004. This growth is expected to continue into 2005 but a slowdown is expected in the latter part of the year as public spending growth slows. Wages for construction workers have increased as has the demand and increased competition for skilled workers. The full report can be viewed at: http://www.rics.org.