RIAI Practice Survey and Ulster Bank Construction PMI Predict Stability
Published: Tuesday, February 21, 2012
Following on from the RIAI’s recent Practice Survey, which identified some stability in practices’ workload, the Ulster Bank Construction Purchasing Managers’ Index also predicted “some semblance of stability taking hold after the slump experienced in 2007-2011”. According to the Construction PMI, after the severe downturn of the last four and a half years the Irish construction sector looks to be in the early stages of a bottoming out process. Although a number of firms reported that business conditions remained fragile, others indicated that new order growth had acted to boost activity. The RIAI Survey of January 2012 found that over half of the practices (52.5%) expect their workload not to further decrease in 2012 while 56.6% have expanded services, with areas of growth predicted for Domestic Renovations/ Extensions, Sustainability and Conservation.
The RIAI will conduct its next quarterly survey in April 2012. RIAI Director, John Graby encourages practices to take part in the survey: “These surveys of practice workload allow the Institute to gather important information on the practice of Irish architecture, in order to plan appropriately and enter discussions and negotiations with Government agencies, in particular for the procurement of architectural services”. Out of 535 RIAI practices, 244 participated in the survey, offering a highly representative snapshot.
The RIAI Practice Survey, January 2012, can be found on the RIAI Members’ homepage (log-In required).