Global construction sector continuing to rebound in 2022
Globally, the value of Construction Work Done is continuing to rebound following the Covid disruption, supported by government stimulus which is being targeted in different ways across different countries. The outbreak of the omicron variant and the Evergrande default, however, weigh over the near-term outlook. In this webinar we present our key findings of the distribution and outlook of construction activity across sectors and countries. We will also discuss our plans for the service, including further developments that will be launched over the coming year.
Key questions that this webinar will address include:
- Investment is often a target for fiscal policy through economic recoveries, and this inevitably means an acceleration in construction work done. Which countries are doing the most and what are the key areas of focus?
- Given the shift in spending patterns over the pandemic, it’s no surprise that activity in hospitality has fallen sharply while warehousing/logistics and manufacturing have accelerated rapidly. When are these trends likely to reverse, and to what extent?
- Increased construction activity and constrained supply of construction inputs has raised questions around industry capacity to deliver a strong pipeline of construction work. What is driving the increase in construction costs, and which sectors will be most affected?
Details on this service:
Our recently launched Global Construction Service provides detailed forecasts of the value of construction work done across 10 sectors in 80 countries. Our construction team have over 25 years of experience forecasting activity across the Asia-Pacific region, and we have developed a unique, bespoke methodology that combines bottom-up project information and in-depth knowledge of the sector with top-down models anchored in economic fundamentals.
By applying this approach to other regions, we offer clients a global view on activity levels through what will be an exciting time for the sector.
Nicholas Fearnley | Principal Economist
Nicholas Fearnley is a Principal Economist within BIS Oxford Economics, and is responsible the Engineering Construction in Australia service, which provides clients with forecasts and analysis of construction activity across eleven key sectors at the national and state level. Nicholas also project manages the Mining in Australia service, which analyses and forecasts commodity price movements, as well as mining exploration, investment, production, maintenance, and development costs.
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