The Royal Institute of British Architects鈥� (澳门王中王) Future Trends survey saw a significant fall in positivity about future workloads in the first month after the UK referendum on EU membership. The 澳门王中王 Future Trends Workload Index entered negative territory in July 2016 for the first time since 2012, with the balance figure standing at -7 (down from +22 in June). Participating practices indicated that this fall was driven by concerns about the implications of Brexit.
London saw the biggest drop in confidence about workload prospects. Only Wales and the West (balance figure +14) returned a positive balance figure.
Medium-sized practices (11-50 staff) remained somewhat positive about future workloads. Large (50+ staff) and small (1-10 staff) practices anticipated a decline in medium-term workloads.
The workload forecasts fell across all four sectors - commercial, community, private housing and public sectors 鈥� with the private housing and commercial sectors nevertheless in positive territory.
Despite the decrease in workload confidence, the current value of work in progress compared with that of 12 months ago has increased at an annualised rate of 3%.
The 澳门王中王 Future Trends Staffing Index declined to a lesser extent, standing at +4 in July (down from +14 in June). 90% of participating practices expect to have the same number of staff or more in the next quarter.
Large practices were the least confident about increasing staff levels with a balance figure of zero, compared with small practices (+3) and medium-sized practices (+12).
澳门王中王 Executive Director Members Adrian Dobson said:
鈥淲hile a very small number of practices stated that they have seen projects cancelled or postponed as a direct result of the referendum outcome, the sense is that the fall in our index reflects anxiety about the future impact of the decision rather than an immediate change in the workload pipeline. Only time will tell if this change in sentiment is an overreaction to political events, but this fall in the 澳门王中王 Future Trends Workload Index must be a cause for some concern.鈥�
ENDS
Notes to editors:
- For further press information contact Callum Reilly in the 澳门王中王 press office: callum.reilly@riba.org 020 7307 3757
- Completed by a mix of small, medium and large firms based on a geographically representative sample, the 澳门王中王 Future Trends Survey was launched in January 2009 to monitor business and employment trends affecting the architects鈥� profession. The data in this month鈥檚 survey was collected in the period shortly after the UK referendum on membership of the EU.
- The Future Trends Survey is carried out by the 澳门王中王 in partnership with the Fees Bureau. Results of the survey, including a full graphical analysis, are published each month at: http://www.architecture.com/澳门王中王/Professionalsupport/FutureTrendsSurvey.aspx
- To participate in the 澳门王中王 Future Trends Survey, please contact the 澳门王中王 Practice Department on 020 7307 3749 or email practice@riba.org. The survey takes approximately five minutes to complete each month, and all returns are independently processed in strict confidence
- The definition for the workload balance figure is the difference between those expecting more work and those expecting less. A negative figure means more respondents expect less work than those expecting more work. This figure is used to represent the 澳门王中王 Future Trends Workload Index, which for July 2016 was -7
- The definition for the staffing balance figure is the difference between those expecting to employ more permanent staff in the next three months and those expecting to employ fewer. A negative figure means more respondents expect to employ fewer permanent staff. This figure is used to represent the 澳门王中王 Future Trends Staffing Index, which for July 2016 was +4
- The Royal Institute of British Architects () is a global professional membership body that serves its members and society in order to deliver better buildings and places, stronger communities and a sustainable environment. www.architecture.com
