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29/04/2003
Healthy outlook for building firms in year ahead
Figures announced in the Federation of Master Builders’ (FMB) State of Trade survey for the first quarter of 2003 indicate that the recent conflict in Iraq has had little or no effect on business for the UK’s small and medium sized building firms.
The survey shows that workloads are increasing, with strong expectations of continued improvements in both workload and employment in the second quarter and beyond. Despite fears about a possible dip in consumer confidence as a result of the Iraqi conflict, 41% of the builders surveyed reported an increase in workload in the first three months of 2003, 10% ahead of predictions for the quarter in the previous survey.
Looking forward, 78% of builders expect future workloads to grow or remain constant in the second quarter of 2003, with the greatest increases expected in domestic new build and domestic repair, maintenance and improvement (RMI).
Commenting on the figures, FMB director general Ian Davis said: “It appears that consumer confidence remains healthy, despite the situation in Iraq and the much-publicised fears of a slowdown in the property market.
"Builders tend to be cautious in predicting their future workload, so the fact that they are forecasting growth over the next six months is a good indicator of a buoyant market.”
(CL)
The survey shows that workloads are increasing, with strong expectations of continued improvements in both workload and employment in the second quarter and beyond. Despite fears about a possible dip in consumer confidence as a result of the Iraqi conflict, 41% of the builders surveyed reported an increase in workload in the first three months of 2003, 10% ahead of predictions for the quarter in the previous survey.
Looking forward, 78% of builders expect future workloads to grow or remain constant in the second quarter of 2003, with the greatest increases expected in domestic new build and domestic repair, maintenance and improvement (RMI).
Commenting on the figures, FMB director general Ian Davis said: “It appears that consumer confidence remains healthy, despite the situation in Iraq and the much-publicised fears of a slowdown in the property market.
"Builders tend to be cautious in predicting their future workload, so the fact that they are forecasting growth over the next six months is a good indicator of a buoyant market.”
(CL)
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Following a disastrous first quarter of the year when orders dropped by 73 per cent, workloads for builders in Northern Ireland have shown a significant recovery reports the Federation of Master Builders in its State of Trade Survey for the Second Quarter 2001. However, the expectation is that growth will be much smaller during the third quarter.
Red tape leave customers waiting for builders
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Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
