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The Australian Bureau of Statistics (ABS) has released preliminary data on construction work done, which rose over the June quarter on the back of engineering construction.
As shown in the next table, total construction work rose by 0.8% over the June quarter, driven by a 1.8% rise in engineering. Over the year, total construction activity rose by 0.4%, with residential building (+8.9%) driving the annual increase:
Engineering drove construction activity higher in Q2.
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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.
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