Australia Infrastructure Report Q1 2014 - New Market Research Report
We have revised down our full-year Australian construction growth forecast for 2013 to 2.2% (previously 2.6%) as construction data in H113 has disappointed. However, we still believe that construction activity could improve from levels seen in 2012, but over a longer timeframe. As such, we have maintained our 2014 construction growth forecast at 3.3%. This is because of conducive monetary conditions for construction, a sustained recovery in homebuilding activity, as well as the potential for greater fixed investment from the...
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