Tuesday, 13 October 2009
Even a quick glance at the construction statistics out this morning shows why the federal government is in no hurry to stop the infrastructure construction parts of its economic stimulus plans. The numbers show the seasonally adjusted June quarter estimate of the value of total building work done fell 5.3%, to $16,942.6m, following a fall of 2.1% in the March 2009 quarter. Take away projects such as the school-building programs and there would be massive unemployment in the industry by year’s end.
Posted by Richard Farmer at 20:13