Recently Released Market Study: Singapore Infrastructure Report Q1 2013
BMI View: Real growth for the construction industry significantly exceeded government estimates in H112, due to a surge in residential and non-residential building activity. As such, we have revised up our construction real growth forecasts to 8.6% in 2012 (previously 5.1%). Looking at 2013, we expect construction activity to slowdown, but to a reasonably robust level, due to the large pipeline of infrastructure projects, and the launch of another round of quantitative easing in the US. Real growth for the...
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