BMI View: We believe that real growth for Australia''s construction sector could improve to 3.0% in 2013and 4.1% in 2014, following a significant slowdown in 2012. This is because of conducive monetaryconditions for construction, a mild-recovery in homebuilding activity and the enduring demand forAustralia''s energy commodities. However, the upcoming federal elections, structural hurdles in China''seconomy, limited upside in housing demand, investor caution for commodity projects, and sizeable fiscaldebts for some state governments are preventing the sector growth from reaching highs seen over the pastdecade.Key developments in the sector:? In December 2012,...
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