Industry Analysis & Industry Trends
The Architectural Services industry is forecast to generate revenue of $6.2 billion in 2012-13, down 0.8% on the previous year due to the winding back of educational building investment and weaker housing construction. Revenue is estimated to decline by an annualised 0.7% over the five years through 2012-13, corresponding with a decline in the value of total building construction. The industry generates export earnings equating to 4.1% of annual revenue ($255.0 million in 2012-13). This outweighs import penetration, which captures an estimated 1.5% of domestic demand.
The key building markets for architectural services have displayed divergent trends since the mid-2000s... purchase to read more
Industry Report - Industry Investment Chapter
This industry is a knowledge-based industry with value added from the use of professional skills and creativity to provide clients with satisfactory design and planning solutions. The industry therefore has a labour intensive structure. Although the industry uses computer-aided design (CAD) and advanced document preparation peripherals, the value of labour input remains integral to industry operations.
The ratio of labour costs to depreciation charges can be used to measure an industry's capital intensity as it indicates the amount of industry revenue absorbed by direct labour inputs (i.e. wages and salaries), and capital inputs. Labour costs comprise the largest component of the industry's cost structure, with wages and salaries accounting for 30.4% of industry revenue... purchase to read more