Advertisement
The ABS has released data on the value of construction work done for the September quarter of 2016, which registered a seasonally-adjusted 4.9% fall in total construction activity over the quarter and a 11.1% decline over the year.
The 4.9% quarterly fall in construction activity was broad-based with engineering construction (mostly mining-related) falling by 3.8% in real terms, whereas building construction fell by 5.7% over the quarter, with residential construction falling 3.1% and non-residential construction falling 10.9% (see below chart).
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.