• Australia Q4 construction work fell 3.1% on quarter

Market news

27 February 2019

Australia Q4 construction work fell 3.1% on quarter

According to the report from Australian Bureau of Statistics, the seasonally adjusted estimate for total construction work done fell 3.1% to $51,092.3m in the December quarter. Economists had expected a 0.4% increase. The trend estimate for total construction work done fell 2.5% in the December quarter 2018.

Building work done

  • The trend estimate for total building work done fell 1.2% in the December quarter.

  • The trend estimate for non-residential building work fell 0.1% and residential building work fell 1.7%.

  • The seasonally adjusted estimate of total building work done fell 1.7% to $29,599.6m in the December quarter.

Engineering work done

  • The trend estimate for engineering work done fell 4.0% in the December quarter.

  • The seasonally adjusted estimate for engineering work done fell 5.0% to $21,492.8m in the December quarter.

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