Mining construction still has much further to fall

Wednesday, 29 June 2016

The ABS has released engineering construction data for the March quarter of 2016, which revealed a 1.4% seasonally adjusted fall in the value of work done over the quarter, a 10.9% fall over the year, and an ongoing reduction in the construction pipeline.

According to the ABS, private sector engineering construction fell by 3.3% over the March quarter, partly offset by a 3.3% increase in public sector construction (see below chart).

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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.