Steady but slow
Steady but slow
- 2004
- RICS Economic Forecast August 2004 (4) .
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.
CONSTRUCTION FORECASTS
PUBLIC SECTOR
CONSTRUCTION OUTPUT
CONSTRUCTION INDUSTRY
SURVEY
HOUSING
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.
CONSTRUCTION FORECASTS
PUBLIC SECTOR
CONSTRUCTION OUTPUT
CONSTRUCTION INDUSTRY
SURVEY
HOUSING