Construction activity in Wales slowed at the end of last year as the challenging economic climate becomes increasingly visible in the construction industry.
According to the Royal Institution of Chartered Surveyors (RICS) construction and infrastructure monitor for Q4 2022 in Wales, macro-economic events, skills shortages and financial constraints are having an increasing impact on the sector.
Responding to the RICS survey, chartered surveyors in Wales said they expect to see overall workloads fall during 2023. The net balance for overall workloads in Wales was +11% in Q4 2022 - down from +15% in Q3 and +37% at the beginning of 2022.
