Con­struc­tion lev­els build­ing

Townsville Bulletin - - NEWS -

BET­TER busi­ness con­di­tions and in­vestor sen­ti­ment have pushed con­struc­tion lev­els to a 12- year high with com­pet­i­tive ten­der­ing, build­ing back­logs and a bump in new or­ders driv­ing in­dus­try growth. Con­struc­tion grew at a record pace in July, cour­tesy of house build­ing and com­mer­cial con­struc­tion, to hit the high­est level recorded in Ai Group’s Per­for­mance of Con­struc­tion In­dex. With an in­creas­ing vol­ume of projects en­ter­ing the pipe­line, the record pick- up in com­mer­cial con­struc­tion re­flects firm­ing in­vestor sen­ti­ment and the na­tion’s stronger gen­eral busi­ness con­di­tions, Ai Group said. House build­ing ac­cel­er­ated in July – the fastest in 42 months – thanks to a solid back­log of work and stronger de­mand.

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