The outlook for building and construction activity has changed dramatically in the last few months. The impact of the COVID-19 pandemic, and the government responses to it, will vary greatly across the segments of building and construction work. Some sectors are likely to fall precipitously, while others will see little change, or even increase due to government stimulus measures. In financial year terms, FY2021 will be the most affected, although the final quarter of FY2020 will also suffer a large negative impact.
This report provides a concise explanation of the nature and magnitude of the impacts in the various segments of building and construction. It provides a fully revised set of forecasts for all segments of building and construction looking ahead ten years.