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Market Report, "Hong Kong Infrastructure Report Q2 2014", Published

Recently published research from Business Monitor International, "Hong Kong Infrastructure Report Q2 2014", is now available at Fast Market Research

 

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

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