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| Construction sector 'may be turning corner', survey finds | Construction sector 'may be turning corner', survey finds |
| (about 5 hours later) | |
| The Scottish construction sector may finally be turning a corner with the number of new projects beginning to rise, according to a new survey. | The Scottish construction sector may finally be turning a corner with the number of new projects beginning to rise, according to a new survey. |
| The Royal Institution of Chartered Surveyors (Rics) said industry activity appeared to be "edging upwards". | |
| It recorded an 11% rise in the number of surveyors reporting increases in workloads in the second quarter of the year. | It recorded an 11% rise in the number of surveyors reporting increases in workloads in the second quarter of the year. |
| It was the most positive reading since the first quarter of 2008. | It was the most positive reading since the first quarter of 2008. |
| Rics said this more positive tone was expected to continue over the coming year, with 33% more respondents predicting workloads would continue to rise rather than fall back. | Rics said this more positive tone was expected to continue over the coming year, with 33% more respondents predicting workloads would continue to rise rather than fall back. |
| The survey also suggested there were signs that the sector's collapse in profitability could be starting to reverse. | The survey also suggested there were signs that the sector's collapse in profitability could be starting to reverse. |
| Rics said this was feeding through to greater optimism about the prospects for employment, with 22% more chartered surveyors expecting job opportunities within the industry to rise in the next 12 months. | Rics said this was feeding through to greater optimism about the prospects for employment, with 22% more chartered surveyors expecting job opportunities within the industry to rise in the next 12 months. |
| Financial barriers | Financial barriers |
| However, it interpreted the latest data as evidence that the sector UK-wide was "beginning to regain some composure rather anything even remotely close to a return to form". | However, it interpreted the latest data as evidence that the sector UK-wide was "beginning to regain some composure rather anything even remotely close to a return to form". |
| Rics Scotland director Sarah Speirs said: "It is most definitely good news that the amount of construction taking place across the country seems to have turned a corner. | Rics Scotland director Sarah Speirs said: "It is most definitely good news that the amount of construction taking place across the country seems to have turned a corner. |
| "Increasing numbers of homes, infrastructure projects, shops and offices can only be good for the wider economy. | "Increasing numbers of homes, infrastructure projects, shops and offices can only be good for the wider economy. |
| "It is important however, that we keep this in perspective. | "It is important however, that we keep this in perspective. |
| "Construction across Scotland has been falling for quite some time and despite an increase in activity, there is still a long way to go and a number of financial barriers to remove before we can start talking about a full recovery." | "Construction across Scotland has been falling for quite some time and despite an increase in activity, there is still a long way to go and a number of financial barriers to remove before we can start talking about a full recovery." |
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