Australia | Construction upswing a boon for domestic demand
The outlook for the construction industry was relatively benign leading into 2020, with residential construction activity in particular still declining from its peak in 2018. But monetary stimulus and a focus on construction in the fiscal stimulus delivered to the economy thus far has boosted demand, and the industry is set to move into a sharp upswing.
What you will learn from this comprehensive 3-page report:
- Non-residential, residential, and engineering construction all have markedly higher input requirements from other industries
- Multiplier effects across types of construction are broadly similar
- Import penetration varies by industry, limiting the upside for manufacturers from a pickup in construction activity
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