Engineering construction and pipeline retraces

Wednesday, 16 January 2019

The ABS has released engineering construction data for the September quarter of 2018, which revealed a 3.8% seasonally adjusted decline in the value of work done over the quarter and a 34% decrease over the year. The construction pipeline also retraced.

According to the ABS, private sector engineering construction slumped by 6.4% over the September quarter, whereas public sector engineering construction fell by 0.1%:

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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.