The Royal Institute of British Architects (RIBA) has published the latest results of its monthly Future Trends Survey which offers an insight into the health of the architecture profession.
The RIBA Future Trends Workloads Index for October 2012 is +7, a significant improvement from -3 in September 2012.
Commenting on this month’s results, RIBA Director of Practice Adrian Dobson said:
'Although this month’s Workloads Index is a very positive finding it would be imprudent to forecast a sustained improvement on a single month’s figure. The market for architects’ services does at least appear to be more stable at present with 53% of respondents expecting no change in workloads over the next quarter.'
London (balance figure +17) continues to appear to be generally more positive than other parts of the United Kingdom and medium sized practices (11 – 50 staff) are currently the most optimistic about future workloads.
The RIBA Future Trends Staffing Index increased to -1 in October 2012, up from -6 in September 2012 but not yet entering positive territory.
According to the quarterly reporting data from practices, the current permanent staffing levels are at 99% (compared to 12 months ago). This suggests that although practices are not yet hiring new staff in significant numbers the overall employment market for architects is at least stable.
It is also very positive to note that practices are overall employing 5% more students (year-out and post part 2) than they were 12 months ago.