Imported LNG numberwang drives up construction work done

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By Leith van Onselen

The ABS has released data on the value of construction work done for the September quarter of 2017, which registered another big seasonally-adjusted 15.7% jump in total construction activity over the quarter and a 30.1% rise over the year:

The 9.3% quarterly jump in construction activity was driven by engineering construction, which surged by 33.0% in real terms. By contrast, building construction fell by 0.4% over the quarter:

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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.