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Construction sector struggles with deep "boom and bust cycle", high liquidation rates

Author
Newstalk ZB,
Publish Date
Wed, 4 Jun 2025, 10:24am
Photo / Getty Images
Photo / Getty Images

Construction sector struggles with deep "boom and bust cycle", high liquidation rates

Author
Newstalk ZB,
Publish Date
Wed, 4 Jun 2025, 10:24am

The Building and Construction Minister's confident they're providing the right support while sector liquidation rates remain bleak. 

Building Research Association data shows construction companies now make up about a third of all business liquidations – up 25% in 2022.  

Minister Chris Penk told Ryan Bridge it's not a great statistic, but they're focusing on what they can control.  

He says this includes turning around rules and regulations to make recovery easier.   

Penk says the sector's in the midst of a deep boom and bust cycle.  

He says times will get better, but they need to do everything in their power to avoid things being tougher for longer. 

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