Boston, MA -- (ReleaseWire) -- 05/01/2014 -- We do not expect a significant improvement in construction growth in 2014. This is because we expect several factors that dampened construction activity in 2013 - namely, a near-term decline in the project pipeline and a slowdown in China's economic activity - to grow in prominence in 2014. However, we reiterate this does not translate to a dearth in growth opportunities in the city over the long term as the government has a large number of construction projects planned in future.
Key Trends And Developments
- We remain optimistic about Hong Kong's residential and non-residential building construction sector over the medium term (2014-2018), even though we are forecasting building real growth to experience anaemic growth in 2013 (1.0%) and 2014 (0.9%). We are forecasting real growth for Hong Kong's residential and non-residential building sector to experience growth of around 1.0% per annum between 2014 and 2018.
- We are forecasting full-year real growth for Hong Kong's construction sector to reach 2.2% in 2014, compared with 1.5% in 2013.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Construction research reports at Fast Market Research
You may also be interested in these related reports:
- Mexico Infrastructure Report Q2 2014
- Singapore Infrastructure Report Q2 2014
- Brazil Infrastructure Report Q2 2014
- Indonesia Infrastructure Report Q2 2014
- Angola Infrastructure Report Q2 2014
- Qatar Infrastructure Report Q2 2014
- Poland Infrastructure Report Q2 2014
- China Infrastructure Report Q2 2014
- United Kingdom Infrastructure Report Q2 2014
- Cote d'Ivoire Infrastructure Report Q2 2014