Research and Markets has declared the availability of a new study report titled, "Australia Infrastructure Report Q4 2011," in their report offerings.
According to the report, a number of important indicants have given an assorted image over the construction industry of the country during the first part of the year. It indicates that while its infrastructure looks to be enduring and comparatively fit its residential and commercial construction activities are not performing well and are becoming shoddier. The total construction industry in the country has only experienced a year-to-year growth level of just 0.8% and the BMI are anticipating further deceleration in growth. The report indicates that notwithstanding the short term weak outlook, BMI is hopeful about the long term growth till the year 2015.
The report details the important elements leading to the short-term outlook of BMI. It indicates that the total value of the building work performed during the first quarter of 2011 was deficient and grew by just 0.7% in terms of quarter-on-quarter performance. It found that the non-residential construction suffered the most and infirm on a q-o-q basis though it was indicating a strong y-o-y growth and it found that the engineering work growing on y-o-y basis. The study finds that though on y-o-y basis the industry witnessed a robust 7% growth, it currently suffers an inclining trend and holds up with a meager growth of 1.2% in q-o-q activity.
The study mentions that the performance of construction index (PCI), a compilation of the Australian Industry Group, which indexes the employment, current activity and new orders in the sector got reduced in size for the 13th month in succession in June 2011. While decline in activity was found across all levels, the construction of apartments has suffered the most with a fall in residential construction orders.
Source: http://www.researchandmarkets.com/