Show me the money: ACIF Forecasts
As the building and construction industry anticipates the next release of industry data by Australian Construction Industry Forum, one call is heard loud and clear: Show Me The Money!
Australian Construction Industry Forum (ACIF) will release the next ACIF Forecasts in July, and the outlook is overall positive for work demand across all sectors, for most areas.
In terms of total construction, meaning all work across residential and non-residential building plus engineering construction, there is a slight fall of 3.4% from $231 billion spent in 2013-14 to $224 billion forecast to be spent in 2014-15.
Residential building itself is expected to increase to $82 billion from $74 billion, which is an increase of 11.2%.
Non-residential building will go down a little, but then is projected to go back up. It has fallen down 1.3% over the 12 months to 2014-15 to settle at $35 billion, set to fall to $34 billion by 2016-17 then is forecast to increase after that.
The biggest fall by sector is for engineering construction – no surprises there as the sector settles from the mining construction boom. Down 13.9% from $122 billion in 2013-2014, for 2014-15 the spend was $106 billion – still a lot of work.
ACIF releases forecasts for work demand, labour requirements, costs of construction and major projects twice a year to keep businesses large and small well informed of changing market conditions. The rolling ten-year forecasts are generated by the building and construction industry’s peak consultative not-for-profit body, with the unique benefit of oversight by the industry’s own Construction Forecasting Council.
ACIF will release the latest data first at Forecasts Breakfasts in Sydney, Brisbane ad Melbourne 20-23 July 2015 before release of reports and data via its website. Included in the presentation will be vital information, such as National forecasts and analysis for residential building, non-residential building, and engineering construction plus detailed information for each capital city and state.
Delivered by pre-eminent industry forecaster, Kerry Barwise, followed by debate by an expert panel, this ACIF Forecasts Breakfast is an important event for businesses in building and construction around Australia
To find out more about the ACIF Forecasts and the Forecasts Breakfasts on 20-23 July 2015, visit http://www.acif.com.au/events/category/acif-events.
ACIF Forecasts are available as Australian Construction Market Report including national and state-by state data and analysis by Australian’s leading forecaster, plus the Customised Forecasts Dashboard where subscribers can query ACIF’s data to generate detailed reports and charts from national to postcode level.
About Australian Construction Industry Forum (ACIF)
Australian Construction Industry Forum (ACIF) is the cohesive, trusted voice of the Australian Construction Industry. ACIF facilitates and supports an active dialogue between the key players in residential and non-residential building, and engineering construction, other industry groups, and government agencies. ACIF’s focus is on innovation, collaboration, equity and sustainability for the industry.
ACIF Members are the most significant Associations in the industry, spanning the entire asset creation process from feasibility through design, cost planning, construction and building and management. ACIF harnesses the resources of its Members to research and develop initiatives that benefit businesses of all sizes, from the largest of construction companies to small consultancies. More information on ACIF is available from www.acif.com.au.
About ACIF Forecasts
ACIF Forecasts are rolling ten year forecasts of demand across residential, non-residential building and engineering construction in Australia. The Forecasts are prepared by respected economic modellers, using high quality data sources, and are overseen by ACIF’s Construction Forecasting Council, an industry panel of expert analysts and researchers.
ACIF Forecasts are only possible with thanks to the support of Principal Sponsor Cbus, and Silver Sponsors Cordell Information, DesignBuild Expo, Property Council of Australian and Viewpoint Construction Software.
ACIF Forecasts are used by thousands of professionals each year, from across the full range of stakeholders, from major organisations to small consultancies. ACIF Forecasts are released twice a year, and are available as Australian Construction Market Report, and detailed numbers are available by subscribing to the Customised Forecasts Dashboard. More information about ACIF is available from www.acif.com.au/forecasts.
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Peter Barda, Executive Director, Australian Construction Industry Forum
Phone: 1300 854 543, mobile: 0418 438 550, email: email@example.com
Pia Argiratos, Marketing Manager, Australian Construction Industry Forum
Mobile: 0405 144 314, email firstname.lastname@example.org
More information and resources for media are available at www.acif.com.au/news/media.