2 August 2019
Australia’s construction industry is expected to regain growth momentum from 2020, thanks to the governments focus on a range of major infrastructure development programs and projects.
According to GlobalData’s recent report, Construction in Australia – Key trends and opportunities by state and territory to 2023, the improvement will be driven by investments in transport infrastructure, with the government planning to invest US$58.9 billion to develop the country’s transport infrastructure by 2027–2028.
“Commercial and industrial projects and an improvement in consumer and investor confidence will also provide support, offsetting the downturn in residential construction” says Danny Richards, Construction Analyst at GlobalData.
