Australia Construction Work Sinks 0.9% On Quarter In Q1

The value of construction work done in Australia was down a seasonally adjusted 0.9 percent on quarter in the first quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$55.663billion.

That missed expectations for an increase of 1.0 percent following the 0.4 percent contraction in the three months prior. It was up 1.4 percent on year.

Non-residential construction fell 1.8 percent on quarter and rose 1.0 percent on year to A$11.841 billion, while engineering construction fell 0.4 percent on quarter and climbed 4.8 percent on year to A$23.551 billion. Building construction sank 1.3 percent on quarter and 1.1 percent on year to A$30.111 billion.

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