Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Thursday, 21 May 2020

Construction insolvencies hit series low

Insolvencies decline

Construction insolvencies hit their lowest level in years in the March quarter.

Doesn't quite fit the narrative!

You can click the chart below to expand on it:

Overall company insolvencies declined from 2,309 in the September 2019 quarter to just 1,703 in the first quarter of calendar year 2020.

Realistically there may be hundreds of construction insolvencies in the post for as long as the borders remain shut, since this will undermine the demand for new housing, and nothing will get built.