The workload of civil engineering contractors has begun to offer signs it may be stabilising, according to a new survey by the Civil Engineering Contractors Association (CECA).
The figures, collected as part of the second quarterly edition of the CECA Workload Trends Survey 2011, show that, on balance, 9% more civils contractors experienced a decline in workload in the three months to June 2011 against the same period 12 months previously.
The figures show that:
- Second quarter 2011: 26% of firms had increased workloads, 38% no change and 35% down
- First quarter 2011: 16% up, 42% no change and 43% down
- Second quarter 2010: 51% of firms down on the previous year, 21% no change and 27% up
CECA director of external affairs Alasdair Reisner said the figures suggested a stabilisation in market conditions as rates of decline in workload slowed.
“Optimism has been in short supply in construction for some time now, and justifiably so. But these latest figures do offer some grounds for hope that a return to growth may be on the cards in the next quarter, potentially ending 13 straight quarters of decline.”
“We must remember that the survey still shows industry activity falling, but the rate of the decline is now at its
lowest since workload began falling in the second quarter of 2008.”