Small building firms see workloads take downward turn
25 January 2016
Workloads for small building firms took a downward turn at the end of last year, according to a new report.
The Federation of Master Builders said the slowdown was a “cause for concern” even though the industry generally remained confident of growth in 2016.
Workloads increased in the final quarter of last year, but at a slower pace than the previous three months, said the report.
Fewer than a third of firms reported higher activity levels, down from 39%, while almost one in four said their workloads had fallen.
Brian Berry, chief executive of the FMB, said the poor weather at the end of last year had affected building projects, but he added: “The fact that both current and expected construction workloads are down in every region is worrying, given some of the gloomy predictions being made about the wider economy.”
Almost 300 firms were surveyed.
Photo from Rui Vieira/PA Wire