Major projects construction activity still strong, but appears to be peaking

RBA Governor Glenn Stevens, who incidentally was re-appointed for another three years today, has recently observed that the mining construction boom would peak in the near future. The latest ABS data on engineering construction activity appear to confirm this view, with activity looking like it’s set to peak this year. Here’s the key chart for Queensland:

engcons

Advertisements
This entry was posted in Mining and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s