Expectations more positive than actual performance.
Weakening sector and increased likelihood of insolvencies.
There is no question that the construction sector is deteriorating under pressure from the early stages of what appears to be a sharp downturn in housing construction and signs of a topping out in non-residential construction activity.
As such, it is critical for those exposed to take appropriate risk management precautions and reduce the risk of financial distress or insolvency.
A sector under stress:
- The Construction sector is in a sharp downturn.
- Activity is likely to weaken over the remainder of 2019.
- 2020 could see a bottoming in this cycle.
- Risk of reduction in public sector infrastructure spending.
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