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Insider UK

Business

Peter A Walker

Scottish construction market slows as rising costs weigh on expectations

The slowdown in the Scottish construction market continued in the latest quarter, with surveyors now pointing to the weakest period of growth since the beginning of last year.

The third quarter Royal Institution of Chartered Surveyors (RICS) Construction & Infrastructure Monitor showed a net balance of +10% of Scottish respondents said that workloads grew, compared to +19% in the second quarter and +39% just five quarters ago.

This trend of a slowdown in activity corresponds with a deterioration in the outlook too.

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