Construction industry in slow recovery
Industry adviser and University of Cape Town lecturer Dr Johan Snyman has described the current construction industry cycle as “atypical”, with research suggesting that the sector remains in a post-recessionary recovery phase.
“Studies have found that the recovery phase [of the construction sector] occurring after a financial crisis is more modest and protracted than that following a ‘normal’ cyclical downswing, and we are currently in this [slow recovery phase].
“However, business confidence appears to be rising, so it’s a good news/bad news story,” he told delegates at a Building Research Strategy Consulting Unit forum on Friday.
Read more at: http://www.engineeringnews.co.za/article/construction-industry-in-slow-recovery-lecturer-2014-03-28/rep_id:3182
