Construction marks seventh quarter of contraction

摘要

Construction workloads continued to fall in the last quarter of 2009, according to the RICS. This means the industry has now been in recession for almost two years. The institution's study showed that workload has been shrinking for seven quarters. The balance of those reporting a rise minus those reporting a fall was -12 percentage points in the final quarter of 2009 compared with -6 points in the previous quarter. RICS members blamed a lack of development finance and political uncertainty for the fall.