Construction expands in August: Pete Wargent
Pete WargentDecember 17, 2020
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.
All three of AIG's Performance Indices are now in expansion territory - manufacturing, construction and services.
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 is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.