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Australia Q1 Construction Work Falls 1.0%

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The total value of construction work done in Australia declined a seasonally adjusted 1.0 percent on quarter in the first quarter of 2020 - standing at A$49.481 billion.

That exceeded expectations for a decline of 1.5 percent following the 3.0 percent drop in the three months prior.

On a yearly basis, total construction work was down 6.5 percent.

The seasonally adjusted estimate of total building work done also fell 1.0 percent and was down 8.0 percent on year to A$28.924 billion in the first quarter of 2020.

Residential building was down 1.6 percent on quarter and 12.5 percent on year to A$17.246 billion. Non-residential building was flat on quarter and eased 0.3 percent on year at A$11.677 billion.

The seasonally adjusted estimate for engineering work done fell 1.1 on quarter and 4.4 percent on year to $20.556 billion in the March quarter.

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