Economic distress indicators – June 2022

KPMG has released the latest monthly statistics report, with an update for data published in May 2022.

Key items of note this month With the rising cost of building materials, on top of labour and production shortages, the number of new homes receiving building approvals dropped 2.4 percent and is down 32.4 percent from April 2021. The construction industry in Australia saw 129 companies file for some kind of insolvency proceeding in April 2022 with industry groups reporting that this is likely to continue in the foreseeable future. Consumer confidence continued to decline in Jun...

Sign in below or register now to read the full article

Authors: James Stewart

Published Date: 24 June 2022