Menu
25/10/2012
Figures Show Slight Improvement In NI Construction Sector
There was a general improvement across Northern Ireland's hard-hit construction sector in the third quarter of the year, according to RICS.
During July, August and September, construction activity fell at its least severe rate in four and a half years, the organisation’s latest survey of the industry reveals.
Expectations for the market also improved significantly.
The balance between chartered surveyors reporting rising and falling construction activity was at its least negative since the first quarter of 2008.
In terms of sentiment, the balance of chartered surveyors regarding whether they expect workloads to be higher or lower in 12 months' time improved dramatically.
Northern Ireland, however, continues to lag significantly behind the rest of the UK, and the local construction sector remains in a challenging place.
Jim Sammon, RICS NI construction spokesman, said: "What we are seeing is activity in the market falling at a less significant rate than before, and the expectation is for the pace of contraction to ease further. However, activity is still falling, and the key challenges for the sector remain.
"Finance is constrained, private sector activity remains scarce, and public sector demand remains constrained. Many firms are increasingly turning to markets outside of Northern Ireland for work."
(CD)
During July, August and September, construction activity fell at its least severe rate in four and a half years, the organisation’s latest survey of the industry reveals.
Expectations for the market also improved significantly.
The balance between chartered surveyors reporting rising and falling construction activity was at its least negative since the first quarter of 2008.
In terms of sentiment, the balance of chartered surveyors regarding whether they expect workloads to be higher or lower in 12 months' time improved dramatically.
Northern Ireland, however, continues to lag significantly behind the rest of the UK, and the local construction sector remains in a challenging place.
Jim Sammon, RICS NI construction spokesman, said: "What we are seeing is activity in the market falling at a less significant rate than before, and the expectation is for the pace of contraction to ease further. However, activity is still falling, and the key challenges for the sector remain.
"Finance is constrained, private sector activity remains scarce, and public sector demand remains constrained. Many firms are increasingly turning to markets outside of Northern Ireland for work."
(CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
18 October 2002
Awareness week highlights risks of working at heights
Local companies have thrown their weight behind the European Health & Safety Week to raise awareness of the danger of working at heights on construction sites. The safety initiative comes in the wake of incidents in which two men tragically lost their lives as a result of falls.
Awareness week highlights risks of working at heights
Local companies have thrown their weight behind the European Health & Safety Week to raise awareness of the danger of working at heights on construction sites. The safety initiative comes in the wake of incidents in which two men tragically lost their lives as a result of falls.
13 August 2010
Derry Construction Projects Boosted
Continuing public sector investment in the North West plays a key role in transforming the UK City of Culture 2013, NI Finance Minister, Sammy Wilson has said.
Derry Construction Projects Boosted
Continuing public sector investment in the North West plays a key role in transforming the UK City of Culture 2013, NI Finance Minister, Sammy Wilson has said.
11 May 2009
Downturn 'Ending', Says Ulster Bank
Signs of economic improvement show that the worst of the economic downturn in Northern Ireland has passed. A new report from Ulster Bank suggests that, although NI's private sector has seen business activity fall sharply and at a much faster rate than the UK average, there are now signs of improvement.
Downturn 'Ending', Says Ulster Bank
Signs of economic improvement show that the worst of the economic downturn in Northern Ireland has passed. A new report from Ulster Bank suggests that, although NI's private sector has seen business activity fall sharply and at a much faster rate than the UK average, there are now signs of improvement.
09 June 2014
Construction Activity Rises
The construction sector in Ireland has seen a sharp rise in activity, new orders and employment, according to the latest Purchasing Managers Index from Ulster Bank. Recovery in the Irish construction sector continued in May, despite being slightly below April's figures. Housing activity decreased from 63.4 in April to 60.
Construction Activity Rises
The construction sector in Ireland has seen a sharp rise in activity, new orders and employment, according to the latest Purchasing Managers Index from Ulster Bank. Recovery in the Irish construction sector continued in May, despite being slightly below April's figures. Housing activity decreased from 63.4 in April to 60.
16 April 2014
NISRA Publish Northern Ireland Construction Bulletin
The latest edition of the Northern Ireland Construction Bulletin has been published by the Northern Ireland Statistics and Research Agency (NISRA). The bulletin provides a general measure of change in real terms in the output of the Construction Industry in Northern Ireland.
NISRA Publish Northern Ireland Construction Bulletin
The latest edition of the Northern Ireland Construction Bulletin has been published by the Northern Ireland Statistics and Research Agency (NISRA). The bulletin provides a general measure of change in real terms in the output of the Construction Industry in Northern Ireland.
-
Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
