Precis, In answer to your query, I do not see any improving...

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    Precis,
    In answer to your query, I do not see any improving trends in the economy at the moment.
    In the Dec'19 qtr accounts from the ABS, I note that;
    1.) "The seasonally adjusted estimate for total new capital expenditure fell by -2.8% in the December quarter 2019. This follows a fall of -0.4% in the September quarter 2019."
    2.) "The trend volume estimate for buildings and structures fell by -1.7% in the December quarter 2019. This follows a fall of -1.9% in the September quarter 2019."
    3.) "The seasonally adjusted estimate for buildings and structures fell by -5.9% in the December quarter 2019. This follows a rise of 2.5% in the September quarter 2019."

    The impact of the the drought, bushfires and now the coronavirus will all add up to the the Federal Government going into a defict this FY NOT a surplus as predicted. This I feel, will impact / delay the timing of various federal / state infrastructure projects. IMHO the headwinds facing Veris over the next 6-12 months are significant.
    In such market conditions, Veris (particularly in the surveying industry) will have to become price takers not price setters and margins will continue to suffer. I do not think that another 0.5% decrease in the RBA rate (probably coming tomorrow 3rd March???) will reverse the downturn in building and infrastructure spending / approvals.
 
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