Australian Construction Materials Forecasts

Our latest forecasts assess the implications for construction materials demand of the outlook for each segment of building and construction work. Demand for construction materials is mid-way through a large decline, caused largely by the continuing downturn in residential building, and negative impacts from the coronavirus. The main area of strength was non-residential building, but this segment is entering a decline that is expected to continue for a couple of years. However, road construction is starting to pick up which will help to increase construction materials demand going forward.