Engineering construction tanks on arrival of LNG facilities

Wednesday 28 March 2018

The ABS has released engineering construction data for the December quarter of 2017, which revealed a 35.1% seasonally adjusted slump in the value of work done over the quarter but a 9.9% increase over the year, with an ongoing reduction in the construction pipeline.

According to the ABS, private sector engineering construction slumped by 46.6% over the December quarter, whereas public sector engineering construction fell by 2.6%:

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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.