Wednesday, 29 May 2013

Australia Infrastructure Report Q3 2013

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Australia Infrastructure Report Q3 2013
May 29th 2013, 00:00

BMI View: We remain convinced that real growth for Australia''s construction sector could improve to3.0% in 2013 following a significant slowdown in 2012. This is because of the conducive monetaryconditions for construction, a mild-recovery in homebuilding activity and the potential for greater publicfixed investment. However, the upcoming federal elections, structural hurdles in China''s economy, limitedupside in housing demand, investor caution for commodity and commodity-related projects, and the poorfiscal positions of some state governments will prevent the sector growth from reaching the highs seen inthe previous decade.Key developments in the sector:?...

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