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Non-housing segment negative in public non-housing segment: Survey

Posted on Nov 12, 06:44PM | UNI

Workload in constructuion sector continue to rise despite the slowdown in the wider economy, according to a market survey.

While sentiment remained relatively upbeat for both private housing and private industrial sectors, it had turned negative for public non-housing segments.

Additionally, workloads in energy and oil and gas edged lower for the second consecutive quarter, according to the latest RICS India Construction Market Survey for third quarter of 2012.

The survey revealed that the all-important infrastructure sector continued to witness growth, albeit at a more modest pace than in the previous quarter of the year.

The RICS India Construction Survey, which has been designed to capture the sentiment of professionals working in the sector, indicated that respondents were fairly upbeat on the prospects of workloads, employment and profit margins in the coming year.