BCI MEDIA GROUP RELEASES CONSTRUCTION REVIEW FOR DECEMBER 2012 – FEBUARY 2013

The short-term forecast for the Australian construction market for December 2012-Febuary 2013 shows $17.4 billion in total construction starts. In contrast, the previous three months, September-November 2012, was $16.2 billion. This is an increase of eight per cent.

The long-term trend shows total construction starts in Australia at -1% (when contrasting the value of 12 months’ construction starts against the corresponding 12-month period a year earlier).

The Australian construction market continued to shift downwards in November as the tradition pre-Christmas slow down, combined with a lack of confidence in the construction sector, weighs on the market. There is a subdued seasonal pick up expected in February 2013 however, there is no real sign of any substantial increase in construction activity over the next three months.

Damian Eastman, COO of BCI Media Group, said, “The only states showing any signs of an increase in building construction activity going forward are Western Australia and New South Wales…for the most part growth remains at very low levels.”

BCI Media Group is the leading group of construction information services in the southern hemisphere. With highly qualified research teams on the ground in 25 offices across the region, BCI has unparalleled access to live construction projects coming on-stream every day. BCI reports on well over 100,000 construction projects p.a. covering nine regional markets including Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, Vietnam, Philippines and Hong Kong. BCI is ideally placed to provide information on where the construction market stands, and where it is heading over the next 12 months.

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