What's Happening?
Oxford Economics, a global economics and research consultancy, has acquired Macromonitor, an Australian construction sector specialist. Macromonitor, based in Sydney, has been active for nearly two decades, focusing on research and forecasting for Australia's
building and construction industry. The acquisition aims to strengthen Oxford Economics' position as a leading independent economics firm in the construction sector. David Walker, Oxford Economics' managing director, highlighted the benefits of combining local expertise with global macroeconomic insight. The acquisition is part of Oxford Economics' strategy to expand its global construction economics capabilities.
Why It's Important?
The acquisition of Macromonitor by Oxford Economics is significant as it enhances the firm's ability to provide comprehensive research and forecasting services to the construction industry. This move is particularly relevant given the challenges faced by Australia's construction sector, which has experienced volatility since the COVID-19 pandemic. By integrating Macromonitor's local expertise with its global framework, Oxford Economics can offer more robust advisory and subscription services. This acquisition is expected to benefit clients by providing access to a broader team of consultants and a greater program of events and thought leadership, supporting informed decision-making in the construction industry.
