Global Economic News

Australia Construction Work Slumps 2.9% In Q1

The value of total construction work done in Australia was down a seasonally adjusted 2.9 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$64.032 billion.

That missed forecasts for an increase of 0.6 percent following the 0.7 percent gain in the three months prior.

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by RTTNews Staff Writer

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