propertytalk Live! - Construction workloads enter fourth year of decline
The SME construction sector is to set to begin a fourth year of falling workloads and a third of companies are expecting to cut their staffing levels this year.
In its latest State of Trade Survey from the Federation of Master Builders (FMB) Richard Diment, FMB Director-General said:
“The construction sector has still not reached the bottom of the most savage recession for the industry in living memory. Cuts in government expenditure are making matters worse with more than half of building companies reporting falling levels of work in public repair and maintenance work. Our survey shows a sharp increase in those expecting workloads to contract once again in the first quarter of 2011.”
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