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Market Update

Market Update from Calibre Steel

November marks the resumption of international travel for fully vaccinated citizens and permanent residents aged 12 years and above. This major development amid the ongoing health crisis is due in part to decreasing case numbers and a higher vaccination rate. Australian borders have been closed since the first outbreak in 2020, and its reopening, as well as a further easing of restrictions, are seen to bring in more confidence and stability.

Source: BCI Forecaster

market update

The 12-MMA trend is seen on a gradual climb since the tail end of 2020 and slightly dropping after a projected peak in December. Both building and civil sectors are supporting the December increase in construction activity, with the building sector contributing a little over 50%.

Source: BCI Forecaster

market update

To download the complete update click here

 

This market update data is provided by BCI Forecaster.

BCI Forecaster delivers research on well over 100,000 construction projects p.a. in all stages of development from early concept-design to construction.

Source: BCI Forecaster

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