Construction bust casts dark cloud over economy

Wednesday 22 May 2019

Yesterday’s March quarter construction activity data from the ABS revealed further bad news for the Australian economy, with total construction activity declining by 1.9% over the quarter and by 6.0% over the year:

After hitting its most recent peak in June 2018, total construction activity has now fallen for three consecutive quarters, down 7.4%.

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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.