Companies are calling on the Morrison government to accelerate infrastructure spending across the country as signs grow the construction sector's woes are intensifying with firms holding back investment plans at recession-like levels.
Construction activity, as measured by the Australian Industry Group, has now fallen for 13 consecutive months.Overall industry activity and new orders are now deeply in negative territory and jobs in the sector, one of the nation's biggest employers, have fallen for the 14th consecutive month. HIA economist Tom Devitt said the recent cuts in official interest rates should help the housing construction sector.
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swrighteconomy It's only going to get worse. the whole ( globalism) system is designed to fail.