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Australia Q3 Total Construction Work Up 2.2% On Quarter

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The total amount of construction work done in Australia increased in the July-to-September quarter by a seasonally adjusted 2.2 percent, according to data published Wednesday by the Australian Bureau of Statistics.

The Bureau said the value of construction work in the quarter was A$39.6 million.

The value of total construction for the June quarter was revised to show an increase of 4.5 percent.

The seasonally adjusted estimate of residential construction value was up 2.8 percent, while non-residential rose 2.3 percent.

The value of engineering work increased a seasonally adjusted 1.8 percent on quarter.

(Market News Provided by RTTNews)

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