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GlobalData revises down Australasia construction growth to a contraction of 2 8% in 2022

According to GlobalData’s report, the Australasian construction industry is forecast to record a successive contraction in 2023, of 1.5%, mainly due to a continued decline in construction output.

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GlobalData revises down Australasian construction output growth forecast to 4 1% in 2022

Construction activity in Australasia and New Zealand slowed in the first quarter of this year, with outbreaks of the Omicron variant, flooding in eastern Australia, and rising construction material and labour costs disrupting construction works.

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GlobalData: Northeast Asia to account for 39% of global construction output in 2022

The construction output in Northeast Asia is forecast to record a 4.2% growth and reach US$4.71 trillion in 2022 compared to US$4.52 trillion in 2021, according to GlobalData.

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GlobalData: Indonesian construction industry to expand in 2022

The construction industry in Indonesia is expected to record a growth of 7.2% in real terms in 2022, surpassing the pre-pandemic output levels, according to GlobalData.

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Northeast Asia to Account for 40% of Global Construction Output in 2021, Says GlobalData

Northeast Asia to Account for 40% of Global Construction Output in 2021, Says GlobalData
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