MAJOR CONSTRUCTION ON ROAD TO RECOVERY (FED)

29th June 2017

The latest Australian Industry Group/Australian Constructors Association Construction Outlook survey released today has reported that after three years of declining major project work, the nation’s leading construction companies are forecasting a recovery in engineering and non-residential building activity for the rest of the 2017 calendar year and in 2018.

After dropping sharply by 8.0% in 2016 (current prices), the survey forecasts that the total value of turnover from major project work will rise by 4.3% in 2017 followed by a stronger lift of 6.4% in the 2018 calendar year.

Major construction on road to recovery