Mate, it is kinda quiet at the moment and has been for a few weeks...Well, that's what I'm hearing from people, personally though, I'm plodding along nicely.
Having said that, a few years back it was really quiet for long periods and a lot of people struggled to stay afloat but the ones that made it through were rewarded with plenty of work on the other side.
So, if you were to ask those same people now if it is quiet you would probably get a very different answer from someone who has only been in the industry a couple of years and has only seen the good times.