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UK: Construction poised for up-tick, RICS survey shows

Posted on 11 January 2013

The UK’s struggling construction market is expected to turn a corner this year, according to a leading quarterly survey of chartered surveyors. More surveyors than not - a net balance of 15pc of those polled by the Royal Institution of Chartered Surveyors (RICS) - expect their workloads to grow over the next 12 months, after a “horrendous” 2012.
Builders are feeling the continued impact of reduced government and private sector spending. Official data recently showed construction output fell 2.5pc in the third quarter and was down 11.2pc on an annual basis at that point………………………………………..Full Article: Source

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