Australasia shows healthiest regional construction sector in GlobalData ranking
GlobalData's February 2022 Construction Project Momentum Index shows Australasia as the leading world region.
New figures released by GlobalData show that the construction project pipeline in Australasia is healthier than that of any other region, while in sub-Saharan Africa the industry is struggling to meet deadlines.
Australasia has a score of 0.87 in GlobalData's February 2022 Construction Project Momentum Index, which provides an assessment of the health of the construction project pipeline at all stages of development from announcement through to completion.
Every construction project in GlobalData's database is assigned a score of between 5 and -5 based on its current progress, a score which is continually updated over time. These are then weighted by the value of each project in order to arrive at overall scores for countries, regions and sectors.
Within Australasia, the institutional sector has performed particularly well, with a score of 1.21, ranking first out of all 11 regions.
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