Belfast Telegraph

Construction sector still suffering

Northern Ireland's construction industry remained firmly in the doldrums in the past three months, according to a report from chartered surveyors.

The region continued to significantly lag behind other UK regions, with many surveyors reporting declining workloads, said the latest construction market update.

All construction sub-sectors in Northern Ireland experienced a fall in activity, the survey showed.

Royal Institution of Chartered Surveyors Northern Ireland construction spokesman Jim Sammon said: "With finance constrained, private sector activity remains scarce, and many firms are increasingly turning to markets outside of Northern Ireland for work.

"There have been some important announcements of public sector projects, but it remains to be seen what impact this will have on workloads in the coming quarters.

"For now, across the board, Northern Ireland's construction sector continues to experience a severe recession and the expectations of chartered surveyors are for this to continue over the next 12 months."

Expectations for the construction sector in Northern Ireland also remain negative, with further falls in workloads, employment and profits expected.

Scotland was the next most severely affected region. London/South East and South West/Wales were the only two regions of the UK not to report declining workloads.


From Belfast Telegraph