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Building Industry Prospects May 2020 Bulletin update

​The COVID-19 shock will weigh significantly on the outlook for building construction. New cases have undershot expectations and as a result more extensive lockdown measures have been avoided in Australia. Consequently, the level of disruption to Q2 building commencements has been significantly reduced, boosting the expected total building result for FY2020 to $102.9 billion (constant 2017/18 prices).

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