Across-the-board falls in Aussie construction in Q1

Wednesday, 25 May 2022

The Australian Bureau of Statistics (ABS) has released data on construction work done for the March quarter, which recorded an across-the-board decline in activity.

As shown in the next table, total construction work done fell 0.9% to $53,663.2 million. Building work done fell 1.3% to $30,111.8 million, whereas engineering work fell 0.4% to $23,551.4 million:

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.