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Webinar
A health-check on China’s real estate and construction industries: Are we still on life support?

with Louise Loo, Nicholas Fearnley and April Skinner | Online | April 2, 2024

China’s property downturn continues to weigh on the outlook. Can we be hopeful that the economy will successfully decouple from its old property-led growth model? How much of an offset can state-led construction provide as authorities look to prop the economy up? Join us in a discussion between Louise Loo our China Macro-economist and April Skinner our China Construction economist, as we address some of the FAQs around China’s housing and construction sectors and take a pulse-check on property’s multi-year correction process. Key talking points: How far does China’s real estate downturn have to go? What are the longer term implications for building construction? How much can state-led infrastructure projects prop up the economy? Will the “New Three" Industries keep the economy afloat? Supply chain risks and what this means for costs and construction.

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Webinar
Industry to rebuild momentum in 2024

with Abby Samp and Max Anderson | Online | March 14, 2024

As 2024 progresses global industrial activity should pick up and begin to rebuild some momentum. Pass-through from lower wholesale energy prices, a move past the peak of impacts from past rate hikes and a trough in the de-stocking cycle should benefit manufacturing activity in the advanced economies. In China, manufacturing activity is likely to be highly asymmetric in 2024, with growth concentrated in the energy transition adjacent ‘New Three’ industries, while the ongoing property sector slump will curtail construction and its supply chain.

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Webinar
European Construction Outlook

with Nicholas Fearnley | Online | February 22, 2024

European construction activity remained resilient over 2023 despite the headwinds created by higher financing costs, input cost inflation and labour shortages. We generally expect this resilience to continue into 2024, although the outlook varies by country and sector. In this webinar Dr Nicholas Fearnley will discuss the outlook and key risks for construction activity in Europe, and answer the following questions: • How does the outlook vary across sectors and countries? • How do delays to NGEU funding affect the outlook? • When will the renovation wave take off? • What is the outlook for material construction costs? • What are the risks and implications of higher interest rates and construction costs?

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Webinar
US Construction Outlook- Cost Increases & Labour Shortages

with Adrian Hart and Nicholas Fearnley | Online | September 26, 2023

2023 has been a challenging time for the US construction market as input cost inflation and labour shortages weighed on activity levels. Despite the near-term challenges, the outlook remains positive. In this webinar Dr Nicholas Fearnley, Matthew Mercer, and Adrian Hart will discuss the outlook and key risks for construction activity in the US, and answer the following questions?2023 has been a challenging time for the US construction market as input cost inflation and labour shortages weighed on activity levels. Despite the near-term challenges, the outlook remains positive. In this webinar Dr Nicholas Fearnley, Matthew Mercer, and Adrian Hart will discuss the outlook and key risks for construction activity in the US, and answer the following questions? • How does the outlook vary across states and metros? • When will residential construction activity rebound? • What do construction industry capacity constraints mean for the delivery of the IIJA? • What are the risks and implications of higher interest rates and construction costs? • What is our outlook for construction costs?

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Webinar
Implications of heightened costs and global recession on Asia construction

with April Skinner and Nicholas Fearnley | Online | May 24, 2023

2023 is expected to remain challenging for global construction, buffeted by still heightened construction costs and cooling global demand. Despite the near-term challenges, the outlook is strong, with Emerging Asia forecast to buck the trend. Please join us to discuss the outlook for construction activity in Asia, including the key issues and risks facing the sector.

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Webinar
Global Construction Futures – global construction up US$4.2 trillion by 2037

with Graham Robinson, Jeremy Leonard, James (Aon), Tariq (Aon) and Bob (Aon) | Online | March 16, 2023

As China pivots from its Zero Covid policy and with growth in the US and most European markets expected to be negative or flatlining this year – what are the medium- and longer-term futures for the global construction industry? We expect growth engines to drive global construction up US$4.1 trillion by 2037. Global Construction Futures is the next in a series of global forecasts for construction to be published by Oxford Economics with the support of the global Construction and Infrastructure leadership team at Aon. Global Construction Futures will be launched on 16 March 2023 to a global construction industry audience. Oxford Economics will present the key highlights from the forecasts for construction and a panel of industry leaders will give their perspectives on the global construction market.

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Webinar
Raw materials, wages, and the US construction outlook

with Abby Samp, Barbara Denham and Stephen Hare | Online | December 5, 2022

Rising commodity prices, wages, and interest rates are all expected to weigh on the US construction outlook through the course of 2023. Join Stephen Hare, Barbara Denham, and Abby Samp as they discuss these factors impacting US construction, including a look at the sub-national outlook.

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Webinar
Will Asia construction survive rising construction costs?

with April Skinner, Dr Nicholas Fearnley and Luka Raznatovic | Online | June 7, 2022

The construction sector has seen a surge in activity following the gradual fading in Covid restrictions across different countries. However, the Russia-Ukraine conflict and continued lockdowns in China have further exacerbated supply chain constraints and increasing construction costs. In this webinar we will discuss the outlook for construction activity in Asia including the risks and implications of increasing construction costs.

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Webinar
Will the strong run of Australian maintenance activity continue?

with Dr Nicholas Fearnley and Luka Raznatovic | Online | May 16, 2022

Australia’s maintenance market has grown strongly as COVID stimulus coincided with a ramp up in the maintenance needs of the mining sector. While governments are expected to continue to support the industry, growth in activity is set to subside over the next few years. In this webinar, Dr Nicholas Fearnley and Luka Raznatovic will be discussing the outlook for maintenance activity. They will highlight which sectors have the most promising outlook, and discuss the key risks and opportunities facing the maintenance market.

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Webinar
Global construction continuing to rebound despite Russia-Ukraine conflict and China lockdowns

with Dr Nicholas Fearnley | Online | May 10, 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. However, the Russia-Ukraine conflict and recent omicron outbreaks in China 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 later this year.

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Webinar
Build-to-rent in Australia: lift-off for a developing investment class

with Michael Dyer and Timothy Hibbert | Online | April 14, 2022

An immature asset class to date, the Australian residential build-to-rent (BTR) sector is currently undergoing a period of rapid growth. A pipeline of around 10,000 units is expected to commence over 2022 and 2023, with most mooted developments located in Victoria. Modest performance and heightened cash flow risks in other property asset classes, alongside supportive state government legislative shifts and a tightening rental market are providing significant tailwinds.

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Webinar
US Construction: Tracking large projects in construction spending

with Abby Samp and Peter Colson | Online | April 1, 2022

Our US Construction Forecasting service, provides unparalleled visibility of US public and private construction spending across all 50 states, as well as more than 400 cities and 3,000 counties. The forecasting service highlights structural trends brought about by the pandemic, as well as government policy, across more than 20 categories of construction activity. In addition, due to the use of projected-forward starts data, the user can see the impact of large projects in specific geographies.

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Webinar
Global construction sector continuing to rebound in 2022

with Nicholas Fearnley | Online | February 8, 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.

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Webinar
Can the strength in Australian industrial property be sustained?

with Lee Walker | Online | December 2, 2021

Industrial property across Australia’s eastern seaboard markets has been a standout performer over the last few years. In the occupancy markets, demand is strong, supercharged by pandemic related drivers. Industrial property construction is also high, but not enough to prevent a rapid reduction in vacancies, driving rental growth.

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Webinar
Will the fall out from COVID-19 be positive or negative for the construction sector?

Online | July 28, 2021

We are proud to be launching the first edition of our Global Construction Service, with provides detailed forecasts of the value of construction work done across 10 sectors in 78 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.

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