Brexit uncertainty reduces construction sector optimism

The results of the Q3 2019 RICS UK Construction and Infrastructure Market Survey has shown reduced optimism due to an uncertain outlook for the UK economy. Evidence suggests housing market slowdown and investment decisions are coupled with Brexit and political uncertainty. The Construction and Infrastructure Market Survey pointed to a notable declaration in workload, with this quarter only reporting a 10% increase in total workloads. This is down from an average of 33% between 2013 and 2016. Workloads in the commercial and industrial sectors are at a near standstill. Infrastructure reports the strongest rise, with 18% more respondents citing an increase, rather than a decrease in infrastructure workloads compared to in Q2.