Construction expands in August: Pete Wargent

Construction expands in August: Pete Wargent
Construction expands in August: Pete Wargent
Now the construction sector is expanding again per AIG.
 
Some good analysis from AIG that is well worth a read - apartment construction is an obvious strong point, which makes the drag on second quarter GDP by dwelling construction something of a mystery.
 
Perhaps the residential construction industry is operating at or close to its full capacity?
 
In any case, I expect dwelling construction to contribute to the economic growth in the third quarter.

Click to enlarge

Construction expands in August: Pete Wargent

 

All three of AIG's Performance Indices are now in expansion territory - manufacturing, construction and services.

Click to enlarge

Construction expands in August: Pete Wargent

Source: AIG

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Construction Housing Supply

Comments

Be the first one to comment on this article
What would you like to say about this project?