You might have read in the news or heard on the radio that the construction industry is experiencing low levels of activity in Australia.
New house construction has slowed down across the nation. According to the Canberra Times the construction sector in the ACT is facing a 31per cent fall in activity this financial year.
I’d like to thank Nicky Dunin for referring me to an infographic from Grantelevators.com.au showing the current state of the Australian construction industry.
Here, in a visual nutshell, are some highlights about the Australian building sector, Performance of Construction Index trends (PCI), activity by sector (PCI Sub-Index), building approvals, value of building work done across the country, builder sentiment and why it’s happening.
Take a look at this information (or click here for the full-size version), and in the comments, let us know what you think.