http:// 2013-02-12T06:00:03Z 2013-02-12T06:00:03Z bci-media-group-releases-construction-review-for-months-ahead-sparse-and-inconsistent-no-growth

The short-term forecast for the Australian construction market for February-April 2013 shows $16.8 billion in total construction starts. In contrast, the previous three months, November 2012-January 2013, was $16.7 billion. This is an increase of one per cent. The long-term trend shows total construction starts in Australia at -2% (when contrasting the value of 12 months’ construction starts against the corresponding 12-month period a year earlier). The Australian construction market is forecast to continue to trend negatively in the next three months. Whilst there are individual pockets of strength, they are the cause of large-scale individual projects commencing, rather than any strong overall market trend. While civil construction activity continues to persevere, the first signs are emerging in the market of a decrease in starts. This is a strong indication that 2013 will be the peak in civil construction.  Both construction activity and construction starts are trending to shrink by the end of the year. The civil construction starts long-term trend in Australia is currently at -5% (when contrasting the value of 12 month’s construction starts against the corresponding 12-month period a year earlier). Damian Eastman, COO of BCI Media Group, said, “With nine months of federal election campaigning ahead of us, it is unlikely there will be any major change in market sentiment in the immediate future”.

2012-12-14T06:16:40Z 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.   Ends

2012-11-09T06:30:22Z bci-media-group-releases-construction-review-for-november-2012-january-2013

The short-term forecast for the Australian construction market for November 2012-January 2013 shows $17.3 billion in total construction starts. In contrast, the previous three months, August-October 2012, was $15 billion. This is an increase of sixteen per cent. The long-term trend shows total construction starts in Australia at -5% (when contrasting the value of 12 months’ construction starts against the corresponding 12-month period a year earlier). In October 2012, the construction market continued to struggle with scarce signs of any increase in activity since the Reserve Bank’s decision to lower interest rates.  Damian Eastman, COO of BCI Media Group, said, “While supply pressures continue to build in many sectors of the market, it is highly unlikely there will be a sustainable increase in building construction in the short term.” BCI Media Group’s analysis of current project information shows the short-term forecast for both the Commercial and Retail sectors is ahead by three per cent. In particular, the Retail sector is showing improved activity with the long-term trend indicating double-digit growth (year-on-year). Damian said, “Unlike other construction sectors, retail construction has shown little fall off in activity as large, multi-national companies with ready access to finance, have continued to build as they fight for market share in the competitive retail environment.” 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. Ends

2012-10-05T05:13:17Z bci-media-group-releases-construction-review-for-october-december-2012