Future Trends update flags recruitment chill in London, Wales and the west, and the south
The RIBA’s latest survey of industry sentiment has registered a dip in workload confidence among practices in London, the south, Wales and the west of England while housing remains the only industry sector where confidence in the future remains strong.
Revealing the findings of its June Future Trends business barometer of around 180 practices, the institute said that while firms on the whole were maintaining a positive outlook on their future workloads, it was weaker than in May – reflected in the survey’s Workload Index reducing from +24 to +17.
Broken down by region, the north, the Midlands and East Anglia were the most upbeat in terms of their assessment of their medium-term workloads. London practices continued with their recent cautious trend, however Wales and the west of England and the south saw significant drops in confidence levels.
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