FMB warns of dramatic construction falls
Published: 08 April, 2010
UK: Almost one in three building companies are expecting their workloads to fall this year, according to a report issued by the Federation of Master Builders.
Fifty-six per cent have seen a reduction in the amount of private sector housing work in the first quarter of this year.
Richard Diment, director general of the FMB said: "The results from our latest state of trade survey show that the building industry in still in recession.
"What is particularly alarming is the abrupt slowdown in the amount of public sector work with 51% of companies reporting lower workloads in the public sector compared to 31% just three months ago. This shows that cuts in local authority budgets are already hitting a hard-pressed building industry and future prospects after the General Election do not look good."