Construction Equipment: Construction in Wales performed better than the rest of the UK in the final quarter of 2009, according to latest research.The data, compiled by the Royal Institution of Chartered Surveyors, found the sector in Wales did better than every other UK region and nation.
Rics’ survey found that all other regions reported a decrease in workloads in Q4, with 12% more chartered surveyors reporting a decline compared to a rise.
However, Wales saw 20% more chartered surveyors reporting a rise in workload compared to a fall.
Looking forward, overall expectations for workloads, employment and profits for the next 12 months are all fairly downbeat.
Workload expectations for future activity deteriorate with an equal number of surveyors expecting a rise or a fall – this compares drastically to Q3 when 50% of chartered surveyors anticipated an increase than a decrease in workloads.
