RIBA survey: Architects’ confidence plummets
Architects’ confidence over future workloads took a turn for the worst last month – according to the latest data from the RIBA Future Trends survey
The survey’s workload index – which tracks architects’ expectations of future workloads – witnessed an 11-point drop from +13 in May to + 2 in June.
A decline in confidence over the private housing sector was singled out as the largest contributing factor in bringing about the swing.
London emerged as the most optimistic region with a figure of +19, while the North of England is at the opposite end of the scale with -19. Northern Ireland is indexed at -25, ranking as the region with the highest levels of concern over workloads for the coming quarter.
Adrian Dobson, director of practice at the RIBA, says the figures could be cause for concern if confidence in this sector continues to wane: ‘It may be a reflection of greater competition for housing work as the other sectors continue to remain challenging, or an early indication that the private sector is set to decline.’
The second scenario would strengthen calls from UK Construction for a more effective government-backed fiscal stimulation plan.