Sur­vey­ors re­port rise in build ac­tiv­ity

The Peterborough Evening Telegraph - - Your -

LEV­ELS of ac­tiv­ity in the con­struc­tion sec­tor edged up­wards in the first three months of the year, ac­cord­ing to the lat­est RICS Con­struc­tion Mar­ket Sur­vey.

Four per cent more char­tered sur­vey­ors across the re­gion re­ported rises rather than falls in work­loads, which is notably bet­ter than the neg­a­tive read­ing seen to­wards the end of 2011.

More sig­nif­i­cantly, pre­dic­tions for fu­ture con­struc­tion ac­tiv­ity saw a marked up­shift in the first quar­ter of the year. Some 22 per cent more re­spon­dents ex­pect work­loads to rise over the next 12 months, the best read­ing since the third quar­ter of 2009. This is also be­ing re­flected in a mod­est im­prove­ment in ex­pec­ta­tions for em­ploy­ment in the sec­tor, though profit mar­gins should re­main un­der pres­sure.

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