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Rics research reveals rise in construction activity levels

May 16th, 2012

Activity levels among building firms have begun to improve, the most recent Construction Market Survey from the Royal Institution of Chartered Surveyors (Rics) has revealed.

Eight per cent more respondents to the research claimed their workloads rose rather than declined during the first quarter of 2012, which is a significant improvement when compared with the negative ratings for the previous three months.

However, the cost of raw materials continued to grow during the first quarter of the year, while staffing expenditures were reported to have remained static.

Contrasting these positive results, figures from the Office for National Statistics revealed the overall output volume of the construction sector dropped by 4.8 per cent during the first three months of the year when compared with the preceding quarter.

Rics chief economist Simon Rubinsohn said: “Workloads rose across the sector – albeit modestly – and this looks as though it could continue over the next twelve months.”

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