Australia | Construction upswing a boon for domestic demand
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
Tags:
Related Services
Post
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.
Find Out More
Post
Why China isn’t about to save the world economy
The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.
Find Out More