Published quarterly, the RICS Construction Market Survey provides a unique look at this £80 billion industry in the UK. It features trends in house building activity, labour availability, expected profit margins and publicly-funded building infrastructure projects.
An international dimension to construction costs is now essential. Many UK firms are competing for business in the rapidly developing economies of countries such as China and worldwide comparable figures are necessary.
Construction activity in the UK moved further into negative territory in the fourth quarter. Total construction workloads declined for the third consecutive quarter and at a faster pace. The net balance of surveyors reporting a decline in activity fell to –47 from –42 as the economy moved into recession.
