Australian Construction Outlook – Utilities

Utilities construction activity in Australia remains in the middle of quite a strong period of activity. This began with large increases in 2017 and 2018, driven by construction of the NBN and a boom in renewable energy investment, along with smaller upturns in water and gas pipeline work. Activity began to fall at the start of calendar 2019, however, and real declines in work done were recorded in the last two financial years; 2018/19 and 2019/20.

We now expect another leg to this period of stronger construction, however, with growth forecast for 2020/21 and 2021/22, prior to another downturn.