"Australia Infrastructure Report Q1 2013" Now Available at Fast Market Research
BMI View: Many major miners in Australia slammed the brakes on investment over 2012 and, as a result, our real growth estimate for the Australian construction sector remains unchanged at 2.1%. For 2013, we are maintaining our construction real growth forecast of 3.0%. This is because we believe conducive monetary conditions for construction, a mild-recovery in homebuilding activity and the enduring demand for Australia's energy commodities, could lead to a mild construction recovery.
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