CONSTRUCTION FALLING AWAY BUT GROWTH REMAINS 'IMPRESSIVE'
Written on the 28 July 2016
MAJOR engineering and commercial construction in Australia is falling away faster than expected, says Deloitte Access Economics in its latest Investment Monitor data, and that is expected to weigh heavily on growth.
But that growth currently remains on trend, 'A very impressive position to be in at the tail of a resources boom' says today's Deloitte statement.
The Investment Monitor had a total recorded value of projects of $822.4 billion, a 5.4% increase from the previous quarter and 0.3% above the level recorded a year earlier.