A new report
released today by The Australia Institute shows clearly that Australian
construction is a highly productive industry displaying solid productivity
growth.
“Productivity in the construction industry,” a technical brief based on ABS data,
found that productivity growth in construction has grown three times that of other
Australian industries when using the multifactor productivity measure.
“Construction
is a major industry in its own right, with a total sales and service income of
$327 billion in 2012-13, about 21 per cent of GDP” said David Richardson, senior
research fellow at The Australia Institute
“Building
construction generated $113 billion in 2012-13, heavy and civil engineering
construction generated revenue of $74 billion, and construction services
generated sales of $140 billion
The
Productivity Commission suggests that any industrial relations changes are
unlikely to produce measurable effects on productivity and cite other issues
which, if addressed, could make the industry even more productive.
We
found by looking at the breakdown of construction provided by the ABS, that
productivity is high across the construction sector compared to other
industries. Heavy and civil engineering and the building construction sub
industries are very high, at 53 and 24 per cent above the national average
When looking
at all the data, it’s clear that the construction industry is already a
productive one, and continues to grow strongly” said Mr Richardson.
The technical
brief is available on our website: http://www.tai.org.au/content/productivity-construction-industry
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