The resources construction sector experienced a modest upturn in 2020/21. If we exclude oil & gas however, the upturn has been quite substantial, with the overall sector impacted by persistent declines in gas / LNG investment.
Gas and LNG investment, is still falling from the 2014 peak, and is only expected to begin to recover in 2022/23.
Meanwhile, outside the gas sector, resources construction has doubled in the last 4 years and will reach its peak in 2021/22. Stimulatory fiscal and monetary policies across the globe, combined with vaccine roll-outs are improving economic growth and expectations, and soaring prices in iron ore, coal and other commodities all contribute to continued strength in the sector.
For more detail, and to subscribe to this report, please visit the report page.