Australia’s construction industry set to fly 2020

Australia’s construction industry is expected to regain growth momentum from 2020, thanks to the governments focus on a range of major infrastructure development programs and projects. 

According to GlobalData’s recent report, Construction in Australia – Key trends and opportunities by state and territory to 2023, the improvement will be driven by investments in transport infrastructure, with the government planning to invest US$58.9 billion to develop the country’s transport infrastructure by 2027-2028.

“Commercial and industrial projects and an improvement in consumer and investor confidence will also provide support, offsetting the downturn in residential construction” says Danny Richards, Construction Analyst at GlobalData.