Construction survey report - NBR article



New Zealand has the worst labour shortage in Asia Pacific and the Middle East, according to a RICS construction and infrastructure survey. Workloads in infrastructure and public residential projects are piling up but the skill shortage bottleneck is hurting profit margins as firms aren’t able to hire the right people to get the jobs done.

Normally periods of strong demand aren’t associated with contractions in profit margins. The survey found the skill shortage wasn’t the only factor in play, Ellison pointed at financial constraints, planning and regulation, cost of materials and strong competition as being a drag on activity.

Workloads on harbours and ports are expected to see the quickest increase over the next year, though 30% of survey participants expect water and utility workloads to see the strongest growth over that time.

Construction Survey Report - NBR Article

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