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Decline in construction 'slowing' | Decline in construction 'slowing' |
(about 1 hour later) | |
The rate of decline of the building industry in Wales has slowed, a survey suggests. | The rate of decline of the building industry in Wales has slowed, a survey suggests. |
The Royal Institution of Chartered Surveyors (RICS) found the fall in construction workloads, now in its fourth quarter, was less steep. | |
The improvement was most noticeable in Wales's public non-housing and infrastructure sectors. | The improvement was most noticeable in Wales's public non-housing and infrastructure sectors. |
The Federation of Master Builders (FMB) said: "We don't think we've reached the bottom yet but it's a deceleration." | The Federation of Master Builders (FMB) said: "We don't think we've reached the bottom yet but it's a deceleration." |
Published quarterly, the RICS' construction market survey looks at the £80bn industry in the UK. | |
It features trends in house building activity, labour availability, expected profit margins and publicly-funded building infrastructure projects. | It features trends in house building activity, labour availability, expected profit margins and publicly-funded building infrastructure projects. |
Public sector projects will play a key role in any recovery Simon Rubinsohn, RICS chief economist | Public sector projects will play a key role in any recovery Simon Rubinsohn, RICS chief economist |
In the first quarter of 2009, 46% of surveyors reported that construction workloads in Wales had fallen. | |
This compares to 76% making that report in the previous quarter. | |
Workloads stabilised in the public housing sector but continued to fall at the same rapid pace in the private industrial and private housing sectors. | Workloads stabilised in the public housing sector but continued to fall at the same rapid pace in the private industrial and private housing sectors. |
Across the UK, the number of surveyors reporting a fall rather than a rise in overall workloads improved by two percentage points. | Across the UK, the number of surveyors reporting a fall rather than a rise in overall workloads improved by two percentage points. |
The south west of England fared best, followed by the north of England, the Midlands/East Anglia and Wales. Scotland fared the poorest. | The south west of England fared best, followed by the north of England, the Midlands/East Anglia and Wales. Scotland fared the poorest. |
The significant thing is that the private sector is still deeply in the doldrums Chris Pateman, Builders Merchants Federation | |
Simon Rubinsohn, RICS chief economist, said the slight easing could be aligned to recent signs of a gentle pick-up in activity in the housing market. | Simon Rubinsohn, RICS chief economist, said the slight easing could be aligned to recent signs of a gentle pick-up in activity in the housing market. |
He said: "Activity is still declining across the construction sector, but it appears to be doing so at a lesser rate than was previously the case and public sector projects will play a key role in any recovery as long as the finance is made available to prevent them from stalling. " | He said: "Activity is still declining across the construction sector, but it appears to be doing so at a lesser rate than was previously the case and public sector projects will play a key role in any recovery as long as the finance is made available to prevent them from stalling. " |
But he added: "Despite some sub-sectors showing slightly more positive signs, construction output is likely to post a double digit drop over the course of 2009 with a further loss of employment and skills in the industry." | But he added: "Despite some sub-sectors showing slightly more positive signs, construction output is likely to post a double digit drop over the course of 2009 with a further loss of employment and skills in the industry." |
Chris Pateman, of the Builders Merchants Federation, said the survey's findings in Wales tallied with what he expected, particularly with regard to the public sector. | Chris Pateman, of the Builders Merchants Federation, said the survey's findings in Wales tallied with what he expected, particularly with regard to the public sector. |
'Doldrums' | 'Doldrums' |
He said: "We know that the Welsh Assembly Government has been very concerned about the falling state of the construction industry in Wales. They have pulled forward some spending. | He said: "We know that the Welsh Assembly Government has been very concerned about the falling state of the construction industry in Wales. They have pulled forward some spending. |
"The assembly government have been far more proactive than Westminster in addressing this." | "The assembly government have been far more proactive than Westminster in addressing this." |
However Mr Pateman added that the slowdown in the decline of public construction workloads did not signify a slowdown in the recession. | However Mr Pateman added that the slowdown in the decline of public construction workloads did not signify a slowdown in the recession. |
He explained: "The significant thing is that the private sector is still deeply in the doldrums. | He explained: "The significant thing is that the private sector is still deeply in the doldrums. |
"If the recession was lifting I would expect to see consumer spending feeding through to the marketplace." | "If the recession was lifting I would expect to see consumer spending feeding through to the marketplace." |
Richard Jenkins, FMB director in Wales, said his organisation's own quarterly survey showed Wales leading the way in the UK construction industry. | Richard Jenkins, FMB director in Wales, said his organisation's own quarterly survey showed Wales leading the way in the UK construction industry. |
He explained: "We are still declining. We are still in negative growth, but it is much less and Wales is in a more favourable position than the rest of the UK. | He explained: "We are still declining. We are still in negative growth, but it is much less and Wales is in a more favourable position than the rest of the UK. |
'Alive' | 'Alive' |
"We think this is a little bit of a steadying. We don't think we have reached the bottom yet but it's a deceleration. We are convinced it's definitely slowing down. It's not a great picture but it's better than three months ago." | "We think this is a little bit of a steadying. We don't think we have reached the bottom yet but it's a deceleration. We are convinced it's definitely slowing down. It's not a great picture but it's better than three months ago." |
Mr Jenkins also said that the Welsh Assembly Government could take its share of credit for the results. | Mr Jenkins also said that the Welsh Assembly Government could take its share of credit for the results. |
He said: "The assembly government is doing its best to keep the construction industry in Wales alive." | He said: "The assembly government is doing its best to keep the construction industry in Wales alive." |
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