Australia - Rakentamisen tuotanto

Total construction work done in Australia declined by 3.8 percent in the three months to June 2019, following an upwardly revised 2.2 percent fall in the previous period and compared with market consensus of a 1 percent decrease. It was the fourth straight quarter decline in construction output and the steepest since the last quarter of 2017, as activities dropped for all categories: non-residential (-6.6 percent), building work (-5.7 percent), residential (-5.1 percent) and engineering (-1.1 percent). Through the year to the June quarter, construction output tumbled 11.1 percent.

Total construction work done in Australia declined unexpectedly by 1.9 percent in the three months to March 2019, after a downwardly revised 2.1 percent drop in the previous month and missing market expectations of a flat reading. Construction output declined for the third consecutive quarter, driven by falls in engineering work (-3.9 percent), residential (-2.5 percent) and building work (-0.4 percent). Conversely, non-residential output grew by 3.6 percent. Through the year to the first quarter, construction output fell by 6 percent.

Total construction work done in Australia declined 3.1 percent quarter-on-quarter in the three months to December 2018 to AUD 51.092 after an upwardly revised 3.6 percent decrease in the previous quarter and compared to market expectations of a 0.4 percent gain. It was the second fall in construction output since the last quarter of 2017, driven by declines in three of the four components: engineering work (-5.0 percent); building (-1.7 percent); and residential (-3.6 percent). On the other hand, non-residential output rose 1.9 percent. On an annual basis, output fell 2.6 percent, following a 17.4 percent decrease in the prior month.