Australia Construction Work Climbs 0.5% In Q4
(RTTNews) - The value of total construction work done in Australia was up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.936 billion.
That was shy of expectations for an increase of 1.0 percent and down from 1.6 percent in the three months prior.
On a yearly basis, construction work was up 1.8 percent.
Individually, building construction was down 0.7 percent both on quarter and on year, at A$38.297 billion. Residential construction was up 0.9 percent on quarter and 5.7 percent on year at A$23.721 billion. Non-residential construction sank 3.1 percent on quarter and 9.6 percent on year at A$14.576 billion. Engineering construction added 1.8 percent on quarter and 4.6 percent on year at A$35.639 billion.
Australian Dollar Falls Against Majors
Australia Services Index Inches Higher In October - S&P Global
Australia Keeps Interest Rate Unchanged
Australia Building Approvals Jump 12.0% In September
Australia Manufacturing PMI Slips Into Contraction - S&P Global
Australia Manufacturing PMI Sinks Into Contraction - S&P Global
Australia Unemployment Rate Climbs To 4.5% In September
