Business cycles

Read time: 6 minutes

Architecture and construction – like other cyclical industries – are driven by a number of economic events that operate individually or in combination. Such events include but are not limited to:

  • interest and inflation rates (demand pull, cost push and wage inflation)
  • consumer spending levels
  • the value of the currency
  • changes to populations and demographics
  • unemployment levels
  • access to affordable finance or the cost of borrowing
  • the performance of other asset classes such as the share or equities markets.

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