Australian Economy

Last ditch WA surge saves engineering construction

Leith van Onselen
Wednesday, 30 September 2015
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By Leith van Onselen

The ABS has released data on the value of construction work done for the June quarter of 2015, which revealed a 1.6% seasonally adjusted rise in the value of work done over the quarter but a 3.3% fall over the year, and an ongoing reduction in the construction pipeline.

ScreenHunter_9517 Sep. 30 12.52

According to the ABS, private sector engineering construction rose by 6.2% over the June quarter, whereas public sector engineering construction rose by 2.1% (see below chart).

ScreenHunter_9518 Sep. 30 12.54
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.