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MENAFN - - 21/01/2013

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(MENAFN) The Master Builders Australia's latest survey shows that over the coming 6 months, the country's building industry is forecasted to worsen, with a projected decline in both sales and profitability, reported Xinhua News.

The decline would force both builders and contractors to lower their workforce in the current year.

In the three months to December, the index measuring builders' current level of business activity dropped to 45.2 points from 47.4 points.

The index gauging builder's intentions about staff numbers and the use of subcontractors over the coming 6 months also went down to 37, showing that builders forecast to reduce the number of their employees.

Master Builders Australia said that the government must introduce short-term stimulus measures, along with extra interest rate reductions to help enhance the industry.

 






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