Construction building in Wales
According to a report in Wales Online, construction in the country outperformed the rest of the UK during the final few months of lasy year.
Statistics correlated by the Royal Institute of Chartered Surveyors (RICS), reflected that the construction sector in Wales was much more stable than any other UK area. The survey noted that all other regions reported a diminishing workload in the final quarter of the year. In contrast, Wales saw a 20% of chartered surveyors reporting a rise in workload, increasing expectations surrounding construction recruitment, workloads and profit.
However, the amount of surveyors nationally, who were positive about the second half of 2010, was less promising - with a 50/50 split of those expecting an increased or decreased workload.
Nevertheless, a rise in workload in a normally quiet winter period is seen by many as the start of a reincarnation in the construction sector. Director of RICS Wales, Cathy McLean, said of the news: ''It is very positive for Wales that it outperformed the rest of the UK in Q4 and it would have been a welcome boost for the industry at a difficult time of year.''
McLean continued, adding: ''A lot of that increased workload was driven by public sector development and due to the general election approaching.''
A Construction Market Survey backed this view up, reporting that over 40% of chartered surveyors noted an increase in public sector workload, whereas private sector workload was a little slower to catch up.
John Antonaiazzi, a partner at Deloitte, commented about such recent information, saying that the private sector needed to ''turn the tap'' back on for orders and recruitment.
Author: Sarah Howard
Keywords: construction recruitment