DARK CLOUDS OVER PAINT AND COATING INDUSTRIES IN AUSTRALIA AND NEW ZEALAND
October 1st, 2013
Had you wanted Mike Khaffaf, owner and director of High Quality Painting on Sydney's affluent North Shore, to come and paint your house four years ago, you would have had to wait at least six weeks for his services. Now, he can “start next Monday.” He has just four people on the payroll as opposed to the 14 employed in 2009. “Business has been slow for a while now,” he shrugged. Australia has not been immune to the ongoing economic challenges sparked by the global financial crisis and the rise of the Australian dollar in its wake. Specifically, market ...
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