OH&S News

Modest increase to construction starts

The forecast for the period October to December 2012 shows $16.4 billion in total construction starts in contrast with the previous cycle of July to September, which was $16.3 billion. This is an increase of one per cent.

However, the long term trend shows a decrease of one per cent when contrasting the value of 12 months of construction starts against the corresponding 12-month period.

?In spite of commodity prices stabilising and the possibility of interest rate cuts on the horizon, the market continues to travel sideways as developers remain cautious of committing to projects,? said Damian Eastman, chief operating officer for BCI Media Group.

Building construction starts in Australia continue to drop, with all sectors barring retail either falling or being near historically low levels.

?Civil construction continues to climb as we head towards the 2014 anticipated peak,? Eastman said. ?With mining investment tapering off, the long term question for the civil sector is if the public sector will return to the market as cost pressures are lowered, and large scale infrastructure projects become more affordable.?

Source: BCI Australia

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