RIBA Future Trends survey shows large drop for June
Architects’ optimism has dimmed significantly over the last month with the RIBA Future Trends index showing an 11 point drop.
The data for June 2012 stands at +2, down from +13 the previous month.
London remains the most optimistic region at +19, while the North of England and Northern Ireland are most pessimistic scoring -19 and -25 respectively.
The RIBA said the key element in the reduction in overall workload confidence is the private housing sector forecast which stands at -1 for June 2012, down from +16 in May 2012.
Adrian Dobson, RIBA director of practice, said: “Unease about the private housing sector is driving down confidence amongst small practices.
“It may be a reflection of greater competition for housing work as other sectors continue to remain challenging, or an early indicator that the private housing sector is set to decline. The second scenario would strengthen calls from UK construction for a more effective government backed fiscal stimulus plan.”
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