Monday, July 6, 2015

Positive Forecast for the Australian Construction Industry

The future of Australian construction looks bright with a positive forecast for the future of the industry. The latest predictions from leading body the Australian Construction Industry Forum (ACIF) have shown that there is a good chance that the sector will flourish in the coming years..

Both residential and non-residential building and engineering should benefit from the positive flow of work, despite a slow decline in the mining sector and the development of the relevant infrastructure. The mining industry has taken a hit as the interest for fossil fuel export to locations such as China and India has declined. Large coal mining projects have been conducted in Queensland, but experts have warned that it seems unlikely that China and India will purchase the amounts initially predicted.