772 cranesworking across Australia as construction deemed essential service during COVID-19

 

According to today’s release of the Q1 2020 RLB Crane Index®️, there are currently 772 cranes working on key projects across Australia as construction is deemed an essential service during the COVID-19 crisis by all governments (Federal and State). Construction contributes 9% to the total Australian economy.

Domenic Schiafone, the Rider Levett Bucknall (RLB) Oceania Director of Research and Development said, ‘The current uncertainties surrounding the COVID-19 pandemic will impact the industry for the remainder of 2020. Any shutdown of the industry will be felt for far longer than the shutdown period, as maintaining both the workforce and supply chains during a closedown will be difficult. The industry has never seen this type of disruption in generations, and the speed of mobilisation is an unknown.’

Total cranes in Australia now number 722, down 35 cranes, or 5%, from 757 in Q3 2019, our last edition. Building work done across the country was down by 4% for 2019 in Chain Volume Measures (CVM). Residential activity fell by 8% and non-residential was up by 5%.

Keypoints in this issue

· Current disruption will impact the industry

· Non-residential records its highest value since 2012

· Projects in design phase put on hold

· Sydney leads crane count

· The future is uncertain

Read more at RLB.com>

 

 

 


Rider Levett Bucknall |RLB.com