Thursday June 10, 2010
 
Mining and heavy industry construction set to fall in 2010/11

Leading industry analyst and economic forecaster, BIS Shrapnel, is forecasting a decline in mining and heavy industry construction activity in 2010/11, the first such decline since 2004.
 
According to BIS Shrapnel’s Mining and Heavy Industry Construction in Australia, 2009/10 – 2023/24 report, overall mining and heavy industry construction is expected to fall three per cent in 2010/11. The mining and heavy industry sector currently accounts for 33 per cent of all civil construction work done during 2009/10 ($25 billion), up from 13 per cent ($3.7 billion) in 2000.

Contact: Adrian Hart