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RICS construction market survey United Kingdom fourth quarter 2008 [electronic resource]

By: Language: English Series: RICS Construction Market Survey United Kingdom ; Fourth Quarter 2008Publication details: London RICS 2009Subject(s): LOC classification:
  • 338.47624 $2 18
Online resources: Summary: Reports that total construction workloads declined for the third quarter in a row with the net balance falling to the lowest level in the survey's history, with 47% more Chartered Surveyors reporting a fall than a rise. Private housing workloads remained the weakest category with 66% more Surveyors reporting a fall than a rise over the period. The picture for public sector housing was slightly better but the latest reading of -20 in the net balance remains consistent with reductions in the levels of new starts. Private commercial and industrial workloads dropped sharply over the fourth quarter and although infrastructure remained a little more resilient, workloads in this area still declined at the fastest pace in the survey's history.

Reports that total construction workloads declined for the third quarter in a row with the net balance falling to the lowest level in the survey's history, with 47% more Chartered Surveyors reporting a fall than a rise. Private housing workloads remained the weakest category with 66% more Surveyors reporting a fall than a rise over the period. The picture for public sector housing was slightly better but the latest reading of -20 in the net balance remains consistent with reductions in the levels of new starts. Private commercial and industrial workloads dropped sharply over the fourth quarter and although infrastructure remained a little more resilient, workloads in this area still declined at the fastest pace in the survey's history.

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