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Public spending bolsters UK construction

Series: RICS Press Release ; (pr118) 07 September 2002, (2)Publication details: 2002Subject(s): Summary: Survey shows how significant increase in government work is compensating for diminishing number of private contracts. Demand for private industrial and commercial building likely to be hit by continued uncertainty over economic outlook, worst recession in UK manufacturing since 1980's and current oversupply of office space in London. Downloadable copies of survey available from www.rics.org.uk/downloads/market_survey/Const_Q3_02.pdf www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=819

Survey shows how significant increase in government work is compensating for diminishing number of private contracts. Demand for private industrial and commercial building likely to be hit by continued uncertainty over economic outlook, worst recession in UK manufacturing since 1980's and current oversupply of office space in London. Downloadable copies of survey available from www.rics.org.uk/downloads/market_survey/Const_Q3_02.pdf www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=819