Research Briefing | May 6, 2021

Australia | Construction upswing a boon for domestic demand

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The outlook for the construction industry was relatively benign leading into 2020, with residential construction activity in particular still declining from its peak in 2018. But monetary stimulus and a focus on construction in the fiscal stimulus delivered to the economy thus far has boosted demand, and the industry is set to move into a sharp upswing. 

What you will learn from this comprehensive 3-page report:

  • Non-residential, residential, and engineering construction all have markedly higher input requirements from other industries
  • Multiplier effects across types of construction are broadly similar
  • Import penetration varies by industry, limiting the upside for manufacturers from a pickup in construction activity
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