Both residential and commercial projects are struggling, margin pressures are strong, there are fewer new orders and jobs are being shed for the eighth consecutive month.
The Performance of Construction Index measures activity levels across the sector each month. It currently sits at 45.6 points, which is 1.8 points higher than February levels. The higher this number gets, the better, as anything above 50 indicates performance growth.
Infrastructure, small businesses, regional communities and apprentices look set to benefit from this budget, depending on the outcome of the upcoming Federal election.