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The ABS has released data on the value of construction work done for the June quarter of 2015, which registered a seasonally-adjusted 1.6% rise in total construction activity over the quarter but a 3.3% decline over the year.
The 1.6% quarterly lift in construction activity was driven by engineering construction (mostly mining-related), which jumped by 5.6%. By contrast, building construction fell by 2.6% over the quarter, driven by a 3.0% fall in residential construction and a 1.8% fall in non-residential construction:
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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.
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