Davis Langdon construction sentiment findings report March

During the past three months, Davis Langdon’s Construction Sentiment Index fell by a surprising 5 points to reach 61. Davis Langdon attributes the decline in the index to a concerned property industry that is being impacted by a combination of planning and industrial relations issues. According to David Langdon, this is unexpected, and suggests a high degree of concern by respondents about the real rate of recovery in the construction industry.

The key findings from this quarter’s David Langdon Construction Sentiment Monitor include:

  • a 9% leap in skills shortages
  • the civil and resource sector is the most likely to contribute to growth in upcoming months
  • concern over industrial relations is rife
  • the planning process has knocked the wind from sentiment recovery
  • obtaining finance continues to be the biggest obstacle in the building development process

Whilst the survey points to a number of concern areas, it also points to a drop in confidence within the industry, questioning whether the private sector will be able to step up to the mark and takeover when the supply of Government-funded stimulus projects dry up. View the full report here.

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