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Business confidence in the construction industry improving

Author
Newstalk ZB,
Publish Date
Fri, 30 Oct 2020, 11:46AM
Photo / Getty Images
Photo / Getty Images

Business confidence in the construction industry improving

Author
Newstalk ZB,
Publish Date
Fri, 30 Oct 2020, 11:46AM

Building firms are seeing more light among the Covid-19 gloom than other industries.

A confident Construction Industry Council matches a bank survey showing building is more upbeat than retailing or agriculture.

Chairman Graham Burke told Mike Hosking the numbers are better than expected after a bleak forecast during the lockdown.

He says they haven't fallen off a cliff, and the residential sector is charging ahead.

Burke says commercial building is slower as a result of tourism and education struggling.

Burke says softer commercial investment by tourism and education, is being balanced by big government spends.

He says New Zealand isn't immune to the world economy, but we can talk ourselves into a slowdown.

Burke says the thriving residential market represents more than half of the industry by spend and workers employed.

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