‘Cyclical’ construction coughs up $5b in revenue, to six-year low
The fact that the sector lost only 1000 businesses in the wake of a 48% hike in company failures, shows the industry has ‘stabilised’ somewhat, new report says.
Construction sector employs about 18% of country’s workforce.
The New Zealand construction sector generated $94 billion in revenues over the past year, down more than $5b on the prior year’s performance.
That reflected an economic slowdown that had seen 1000 construction businesses disappear over the same time, according to a new report commissioned by the
