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Construction

Myanmar political crisis, international sanctions to shrink 2021 construction output by 7.7%, forecasts GlobalData

Myanmar’s construction industry output in 2020 was affected by the COVID-19 pandemic induced supply chain disruptions and labor shortages. In 2021, the industry’s weakness is expected to be further compounded by the ongoing political crisis and its impact on foreign investments and construction progress, with the industry output projected to contract by 7.7% in real […]
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Global construction industry to grow by 5.7% in 2021

Despite the ongoing uncertainty over the COVID-19 pandemic, growth in global construction output will reach 5.7% in 2021, following the 2.4% drop in 2020. Although recovering from the COVID-19 crisis, the global industry has borne a huge cost in terms of foregone revenue, says GlobalData, a leading data and analytics company. According to GlobalData’s latest […]
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Olympics investment provided a ‘less than expected’ boost to construction output in Japan, says GlobalData

The investments in construction for the Tokyo 2020 Olympics drove the compound annual growth rate (CAGR) of 7.0% in the Leisure and Hospitality and Outdoor Leisure construction sub-sectors between 2015 and 2019. However, despite the widely held estimates anticipating that the games would generate approximately JPY10 trillion (US$90bn) of construction investment, the impact of the […]
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Prospects for increasing infrastructure investment in Latin America remain weak, says GlobalData

As Latin America faces a new electoral cycle and an economy deeply devastated by a damaging fresh wave of COVID-19 infections and renewed lockdown restrictions, the prospects for governments in the region to increase spending for infrastructure this year remain weak, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Prospects for […]
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Mixed potential for the acceleration of infrastructure investment in Middle East and Africa, says GlobalData

Many governments across the Middle East and Africa (MEA) region are attempting to step up investment in infrastructure to both support recovery from COVID-19 disruption and as part of ambitious strategic plans to promote the private sector, improve connectivity and enhance competitiveness. However, only eight of 20 markets assessed have good prospects to accelerate infrastructure […]
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Potential for acceleration of infrastructure investment in Eastern Europe, says GlobalData

Infrastructure investment in Eastern Europe could rise significantly over the next two years if projects are pushed ahead by regional governments; however, only four out of the 15 markets assessed have good prospects to accelerate infrastructure investment, according to a study by GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Prospects for […]
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New Zealand construction output to grow by 5.5% in 2021 driven by shovel-ready project investments and focus on infrastructure, says GlobalData

New Zealand’s construction industry recorded an annual average growth rate of 6.6% between 2016 and 2019. Despite this, lockdown restrictions in the first half of 2020- and the resulting economic uncertainty and weakness – severely impacted activity, with the industry contracting by 7.3% in real terms. However, growth is expected to return in 2021, with […]
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Malaysia’s construction industry to grow by 14.6% in 2021, driven by investments in transportation and energy projects, says GlobalData

Malaysia’s construction industry is set to recover in 2021 and expand by 14.6% after construction activity was brought to a standstill across many parts of the country due to the impact of COVID-19 containment measures. However, the recovery is more a reflection of the depths to which activity fell in 2020 amid the COVID-19 lockdown, […]
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Nigeria’s construction industry to recover and grow by 3.9% in 2021

Nigeria’s construction industry declined by 7.7% in real terms in 2020, hit by both the containment measures and disruption caused by the COVID-19 pandemic. The steep decline in oil and gas prices, which accounted for around 65% of the government’s revenues, worsened the situation by further curtailing expenditure power on infrastructure. However, the industry is […]
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Australia’s focus on infrastructure led revival, HomeBuilder success to revive construction growth in 2021, says GlobalData

Although the construction industry in Australia was designated as an essential service and exempted from lockdown restrictions, it was affected in 2020 due to limitations on labor availability at worksites, social distancing restrictions, supply chain disruptions and continuing weakness in residential market. The industry is expected to expand by 2.2% in real terms in 2021, […]
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Russian construction industry set to grow by 2.6% in 2021 due to infrastructure investments, says GlobalData

The Russian construction industry contracted marginally in 2020, with output declining by 0.7% in real terms. The lockdown measures and subsequent economic slowdown, as well as the severe dip in oil and gas prices weakened the construction industry. However, supported by investment in major infrastructure projects, rising oil prices and global economic recovery, the industry […]
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Eastern Europe’s construction output set to increase by 3.6% in 2021, says GlobalData

Eastern Europe’s construction industry is forecasted to grow by 3.6% in 2021, following a 1.6% contraction in 2020 due to the COVID-19 outbreak and subsequent lockdown restrictions, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Global Construction Outlook to 2025, Q1 Update’, with the vaccination rollout programme starting across much […]
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