LOGO
LOGO

Global Economic News

Australia Construction Work Done Dips 0.2% In Q4

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The total value of construction work done in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday - coming in at A$46.263 billion.

That missed forecasts for an increase of 0.5 percent following the upwardly revised 4.4 percent contraction in the third quarter (originally -4.9 percent).

On a yearly basis, construction work was down 7.8 percent.

The value of engineering work done was down 2.2 percent on quarter and 18.6 percent on year to A$19.568 billion.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.