Despite levels of engineering construction work in South Australia falling off from a peak, the state’s engineering construction industry still has plenty of work to do, report industry forecasts from Australian Construction Industry Forum (ACIF).
The forecasts show a short-term softening before a return to moderate growth, which remains at historically high levels for the state.
The chart below shows the relatively strong
outlook for the South Australian engineering construction sector.
Notwithstanding the Olympic Dam setback, the ACIF has predicted a strong demand in mining and related engineering over the next nine quarters, as well as telecommunications, pipelines and electricity.
“Businesses in South Australia need to keep aware of the work that is coming in order to stave off poor decisions,” said Executive Director of ACIF, Peter Barda.
”The outlook for work outside of engineering construction remains soft throughout ACIF’s forecasting term of 10 years, so ACIF Forecasts are a crucial business resource to help businesses shape their plans to make the most of their market.”
“South Australian residential and non residential building will remain soft for the remaining of our rolling ten year forecasting outlook,” said Mr Barda.
