RICS construction survey provides more worries than hopes
Construction workload is falling and we should expect it to fall further. That basically is what the latest survey from the surveyors’ body RICS suggests. The lines on the graph 1 are pretty clear. There are firms doing more work (blue line), but there are more firms doing less (red line). And on balance there is a majority of firms of the view that workloads will fall over the next 12 months (green line). But given that this survey data…