Construction industry 'recovering'

Published Friday, 10 January 2014
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A report by the Royal Institute of Chartered Surveyors has said the Northern Ireland construction sector, despite lagging behind the rest of the UK, is recovering.

Construction industry 'recovering'
The construction industry is a key indicator for economic performance. (© Getty)

The report has said there is evidence of improvement in the local economy and the picture in the building industry was also more positive.

Spokesman, Jim Sammon, said the Executive could encourage more growth by spending on infrastructure.

He said: "This is growth from a low base, following a long period of contraction, and the key challenges for the sector locally remain.

"These include limited access to bank finance, restricted public sector demand and planning challenges.

He added: "We would urge the Northern Ireland Executive to encourage and nurture recovery by increasing infrastructure spending through moving more money from current to capital spending.

"Infrastructure is a driver of growth and competitiveness."

He added: "Like the rest of the UK, shortages in quantity surveying skills have had an impact.

"Quantity surveyors are involved in all aspects of the construction supply chain, so when construction activity begins to pick up, demand for quantity surveyors is particularly quick to recover."

© UTV News
Comments Comments
Charles in Lisbellaw wrote (381 days ago):
Ah yes, of course, that must be why Mivan are gone into admimistration.
fitzy in downpatrick wrote (381 days ago):
well it will be a lot harder now to get a job in construction now with another 300 jobs at mivan going to the wall where is this upturn in construction please let me know so i can apply to get a job
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