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NI remains 'worst UK construction market' | NI remains 'worst UK construction market' |
(35 minutes later) | |
New data shows that, despite some improvement, Northern Ireland is still the worst-performing UK region in the construction sector. | New data shows that, despite some improvement, Northern Ireland is still the worst-performing UK region in the construction sector. |
According to the latest Rics (Royal Institution of Chartered Surveyors) construction market survey, Northern Ireland's construction downturn is easing. | According to the latest Rics (Royal Institution of Chartered Surveyors) construction market survey, Northern Ireland's construction downturn is easing. |
Despite the improvement in the rate of decline, activity is still falling. | |
The UK as a whole has seen rising activity. | The UK as a whole has seen rising activity. |
London and the south east of England are the best-performing region. | London and the south east of England are the best-performing region. |
Jim Sammon from Rics Northern Ireland welcomed the improvements. | Jim Sammon from Rics Northern Ireland welcomed the improvements. |
"Whilst the rate of decline in workloads has eased significantly, workloads are still falling, and we remain some way from a recovery," he said. | "Whilst the rate of decline in workloads has eased significantly, workloads are still falling, and we remain some way from a recovery," he said. |
"The key challenges for the sector remain. Finance is constrained, private sector activity remains scarce, and public sector demand remains constrained." | "The key challenges for the sector remain. Finance is constrained, private sector activity remains scarce, and public sector demand remains constrained." |
Mr Sammon urged the NI Executive to take action in relation to increase capital spending on infrastructure. | Mr Sammon urged the NI Executive to take action in relation to increase capital spending on infrastructure. |
"Beyond being a driver of growth, infrastructure is the fabric of our everyday lives that must remain efficient and well maintained," he said. | "Beyond being a driver of growth, infrastructure is the fabric of our everyday lives that must remain efficient and well maintained," he said. |