ACIF – FORECASTS SHOW THERE IS NO NEED FOR DOOM AND GLOOM

The last release of industry forecasts in November 2015 shaved off between $2-$4 billion per year for the next three years in anticipated work demand for the building and construction sector in Australia.
Much has happened since then, and the consequences for residential building, non-residential building and engineering construction will be reflected in the Australian Construction Industry Forum’s (ACIF’s) updated forecasts to be released in May.

Early indications of the May 2016 ACIF Forecasts show the prospects across the various building and construction sectors vary with some hotspots but also some areas that are slowing, particularly now that our economy is absorbing both the end of the mining boom and the peak of the residential housing boom.

To view the full media release, please click here