Construction down by $5b over two years

Original article by Michael Bleby
The Australian Financial Review – Page: 39 : 5-Nov-20

The Australian Construction Industry Forum has forecast that construction activity will fall by 3.2 per cent in 2020-21 due to the impact of COVID-19. Construction work in the accommodation sector is tipped to fall by 34 per cent, while a 23 per cent decline in entertainment and recreation projects is expected. However, the ACIF expects an increase in construction work in the industrial property, health and aged-care sectors. Activity in the residential construction sector is expected to remain subdued for several years, but growth in home renovations is forecast.


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