Civil engineering, along with the rest of the construction sector, will remain in the doldrums for 2018 with hopes for some improvement to begin next year. This is according to Industry Insight senior economist David Metelerkamp.
Metelerkamp, who was speaking to construction industry stakeholders at a recent at a recent AfriSam breakfast briefing, said that the civils sector was bearing the brunt of the construction downturn, and companies reported the worst levels of confidence since the early 1990s. “Over the last 18 months, there has been a significant decline in the value of tenders awarded,” he said, pointing to a 26% decrease in the value of projects over the past year. The civils sector had experienced poor annual growth levels for many years up to 2016, after which its performance had worsened further with five consecutive quarters of negative growth.Experts predict civils will remain in the doldrums for 2018
Aug 3, 2018 | Construction News