Search

Beast from the East didn’t freeze construction industry growth, RICS survey shows

PUBLISHED: 15:26 19 April 2018 | UPDATED: 16:01 19 April 2018

Data from RICS shows that the construction industry in the East grew in the first quarter of 2018. Picture: IPG Gutenberg UK/Getty Images

Data from RICS shows that the construction industry in the East grew in the first quarter of 2018. Picture: IPG Gutenberg UK/Getty Images

IPGGutenbergUKLtd

The Beast from the East didn’t stifle growth in the East of England construction industry, a new study shows.

The Royal Institution of Chartered Surveyors (RICS) said construction workloads in the region are accelerating faster than the rest of the UK in almost all sectors.

Its latest construction and infrastructure market survey said a net balance of 37% more surveyors in the East reported an increase in their workload in the first three months of 2018.

And while 63% of respondents said bad weather conditions in February and March had been a limiting factor, it was not enough to slow the pace of growth.

Private housing reporting the strongest growth in workloads with 55% more contributors citing an increase rather than a decrease. The infrastructure sector was also steady, with a net balance of 35% more firms reporting a rise in activity.

Respondents from the region expected rail, road and energy to post the most significant increases over the next year.

Jeffrey Matsu, RICS senior economist, said: “While a short-lived snowstorm may have snarled logistical supply chains and site works at the end of February, it was not enough to negatively impact on workload order books. Indeed, several years of limited spare capacity have resulted in a backlog within the delivery pipeline which will take some time to unwind.”

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Insight

Jupiter European Opportunities is a £1bn investment trust which aims to achieve long-term capital growth through investing in economic trends and developing businesses across Europe.

Asbestos remains a real concern, says 
Dan Evans, partner at Cozens-Hardy

Women in Business

cover

Enjoy the
Women in Business
digital edition

Read

Celebrating Success

cover

Enjoy the
Celebrating Success
digital edition

Read

B2B Exhibition

cover

Enjoy the
B2B Exhibition
digital edition

Read

Green 100

cover

Enjoy the Green 100
digital edition

Read

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100