Trends within the Construction Industry
What are the current trends within the Construction Industry telling us?
We can report that March reported a slightly lower downturn in the Construction Industry for the first time in 6 months?
Could this trend be a sign that performance within the Construction Industry is on the rise?
This boost has been helped along with an increase in funding of public sector projects which has boosted Civil Construction.
A key driver of this boost in public sector funding can be attributed to population growth of over 400,000 in 2018 (source: ABS)
The report also touched on how tight profit margins are within Construction due to the intense level of competition and high cost of materials. This is placing alot of pressure on the industry and is a cause of major concern.
To learn more, download the full report compiled and produced by Australian Industry Group HERE.