ACIF says its May 2013 Forecasts will reveal a slightly improving overall outlook for both the residential and non residential industry sectors. 

In a statement pre-release, the industry market information provides says residential building is staggered but beginning to recover, driven by demographic trends, the existing housing shortfall, and low interest rates.

Non residential building is relatively flat in real terms, but is improving over previous forecasts. Engineering construction will maintain at a relatively high level – although mining construction is at a peak, and well publicised project deferrals are flattening activity peaks.

“The ‘new normal’ featured in the 2012 ACIF Forecasts continues, with changes to the mix of work available for all trades and professions,” said Peter Barda, ACIF Executive Director.

“The breakdown of work by state also varies highly, with some states showing a relatively good outlook, after the next 12 months. For example, there is less ‘traditional’ work in office and retail development, but more in mining and engineering construction. And one state in particular will enjoy a modest recovery in residential building, at last.”

A brief summary of highlights by state are available here.

The updated ACIF Forecasts will be released at ACIF Briefings held 7-17 May 2013 in six cities. 

Detailed commentary and data for all sectors will be published in ACIF Construction Market Reports for each state. People attending the ACIF Briefings receive a copy for their state, and copies will be available online from 17 May 2013. Information on ACIF Forecasts, ACIF Briefings and the ACIF Construction Market Reports are available on ACIF's website www.acif.com.au.

CEO Sessions for Sydney ACIF Briefing delegates

Thanks to ACIF’s partnership with DesignBUILD Expo, immediately following the ACIF Briefing in Sydney Convention and Exhibition Centre, delegates are invited enjoy a VIP welcome to DesignBUILD Expo for executive networking, followed by a CEO Panel Discussion on the issues around product choice, performance and quality in Australia.

CEOs from trades and professions plus manufacturers will discuss the industry’s view on construction products and their contribution to projects.

Click here to register for the Sydney ACIF Briefing, or to update your current registration to include the sessions at DesignBUILD.