Non-residential building drives construction lower in Q3

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The Australian Bureau of Statistics (ABS) has released preliminary data on construction work done, which fell slightly over the September quarter on the back of lower non-residential building construction.

As shown in the next table, total construction work fell by 0.3% over the September quarter, driven by a 2.2% fall in non-residential building. Over the year, total construction activity rose by 3.5%, with residential building (+7.0%) driving the annual increase followed by engineering construction (+4.0%):

The next chart plots engineering versus building construction:

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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.