ACIF produces accurate and credible short- and long-term forecasts of demand for residential and non-residential building, and for engineering construction. This work, undertaken by ACIF’s Construction Forecasting Council (CFC), provides decision makers with a reliable compass for the industry’s direction.

KPMG Econtech provides the quantitative modelling and commentary forecasting for the forecasts, while Cordell Information provides the data on major construction projects.

The CFC reviews the recommendations of the forecaster during each forecasting cycle, and approves the forecasts before they are made available to the industry via ACIF Briefings. Members of the CFC are respected economists, researchers and analysts who provide the forecaster with relevant input data from their areas of expertise and identify issues requiring additional explanation.

The forecasting service, database, commentary and tools are delivered online on ACIF’s website, as a primary source of business planning information for the building and construction industry in Australia.

All data is readily accessible by ACIF subscribers, as user-defined charts or as raw data for further manipulation. ACIF Forecasts provide high-quality short- and long-term forecasts for the construction and property sectors for:

• residential building construction activity
• non-residential building construction activity
• engineering construction activity
• construction employment
• profiles of national construction activity for major projects across Australia valued above $50 million for non-residential construction and above $100 million for engineering construction
• analysis of the factors driving supply and demand, the economic scenarios that underpin the forecasts, and sensitivity analysis of the forecasts based on these variables. A set of leading indicators is provided that will help track movements in economic conditions.