Construction industry is similar to the manufacturing industry perhaps engg. made a product on the site rather than in a factory. while building something you required material & labor. when the inflation occur the price of the items & services increase, day to day essential things like food, fuel, consumer goods are become costly, thus this also effect individual & company. therefore the material price or manufactured things are become costly as the raw material prices goes up and similarly services are also become costlier.
Thus the material of cement, steel etc increase so would be the total cost of construction will increases.
how does inflation affect hospitality in nigeria industry
what are the counter measures for inflation?
Inflation affects the airline industry in a negative ways The increase in the prices does not help the business as the purchasing value of money is usually decreased which causes huge losses to the industry.
The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.
Mostly GDP growth and GDP per capita (as conjucture in construction industry is highly correlated with economic growth), interest rates (cost of credits for companies and their clients), inflation (if costs of energy and materials rises so the costs of construction services grow as well -> demand for them falls), private income and investments volume (mainly government) (if higher -> demand rises). Interest rates and stability of exchange rates encourage more FDI so the cash from them may be transferred into construction industry.Hope I'm right, I'm writing thesis about construction industry :).
how does inflation affect hospitality in nigeria industry
what are the counter measures for inflation?
Inflation affects the airline industry in a negative ways The increase in the prices does not help the business as the purchasing value of money is usually decreased which causes huge losses to the industry.
The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.
single-family home construction industry is extremely susceptible to changes in economic factors and financial markets.
Mostly GDP growth and GDP per capita (as conjucture in construction industry is highly correlated with economic growth), interest rates (cost of credits for companies and their clients), inflation (if costs of energy and materials rises so the costs of construction services grow as well -> demand for them falls), private income and investments volume (mainly government) (if higher -> demand rises). Interest rates and stability of exchange rates encourage more FDI so the cash from them may be transferred into construction industry.Hope I'm right, I'm writing thesis about construction industry :).
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how will the weather affect the inflation of the ballooons
It affects the construction industry because it can delay building when raining, it can make supplies moldy, such as drywall, or wood, it also can make concrete delivery's delayed because humidity or wetness.
Construction Industry Council was created in 1988.
The population of Construction Industry Council is 10.
What is the AFR of the construction industry from 2008 - 2011