Global Economic News

Australia Construction Work Jumps 9.3% In Q2

The total value of construction work done in Australia in the second quarter of 2017 was up a seasonally adjusted 9.3 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday - coming in at A$51.669 billion.

That beat expectations for an increase of 1.0 percent following the 0.7 percent decline in the three months prior.

The estimate for building work done was up 0.1 percent to A$26.996 billion, while engineering work done surged 21.5 percent to A$24.672 billion.

by RTTNews Staff Writer

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