Australian Construction Demand to Fall as Interest Rates Increase: Industry Associations

Australian Construction Demand to Fall as Interest Rates Increase: Industry Associations
A construction site is seen empty in the central business district of Parramatta in Sydney, Australia, on July 31, 2021. Lisa Maree Williams/Getty Images
Alfred Bui
Updated:

Australian industrial peak bodies have anticipated that the latest interest rate hike will drive down demand in the construction industry, with the residential sector expected to be significantly affected.

The Australian Industry Group and Housing Industry Association’s performance of construction index for April dropped by 0.6 points to 55.9.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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