Australian Construction Outlook – Resources

The overall resources construction sector experienced a modest upturn during 2020 and the first half of 2021. If we exclude oil & gas however, the upturn has been quite substantial, with the overall sector impacted by persistent declines in gas / LNG investment.

A rapid rebound in world economy and rising prices will see total resources construction rebound in 2021/22 and 2022/23. Gas and LNG investment, however, is still falling from the 2014 peak, but is expected to begin to recover in 2021/22.

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