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Monday, 7 October 2019

Contraction inaction sees construction constriction

Apartment work dries up

Dear, oh dear.

All construction sectors in contraction, and jobs are set to be slashed.

Unsurprisingly, apartment construction is slowing most of all, although house building isn't faring too much better. 

A few of the gory details, via the AiG indices:


Yuck.

At this rate of progress the government will get its hallowed Budget surplus to coincide almost perfectly with a recession (or, more likely, a continuation of the 'per capita recession'). 

You can't teach it!