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26 Feb 2014
Australian construction work done misses expectations
FXStreet (Bali) - Australian construction work done for Q4 disappointed the market, with the final at -1.0% q/q vs +0.2% expected.
DECEMBER KEY POINTS
TOTAL CONSTRUCTION - The trend estimate for total construction work done rose 0.9% in the December quarter 2013.The seasonally adjusted estimate for total construction work done fell 1.0%, to $53,101.1m, in the December quarter.
BUILDING WORK DONE - The trend estimate for total building work done rose 0.2% in the December quarter. The trend estimate for non-residential building work done rose 0.9% in the December quarter. The seasonally adjusted estimate of total building work done fell 1.6%, to $20,777.8m, in the December quarter.
ENGINEERING WORK DONE - The trend estimate for engineering work done rose 1.3% in the December quarter. The seasonally adjusted estimate for engineering work done fell 0.5%, to $32,323.2m, in the December quarter.
DECEMBER KEY POINTS
TOTAL CONSTRUCTION - The trend estimate for total construction work done rose 0.9% in the December quarter 2013.The seasonally adjusted estimate for total construction work done fell 1.0%, to $53,101.1m, in the December quarter.
BUILDING WORK DONE - The trend estimate for total building work done rose 0.2% in the December quarter. The trend estimate for non-residential building work done rose 0.9% in the December quarter. The seasonally adjusted estimate of total building work done fell 1.6%, to $20,777.8m, in the December quarter.
ENGINEERING WORK DONE - The trend estimate for engineering work done rose 1.3% in the December quarter. The seasonally adjusted estimate for engineering work done fell 0.5%, to $32,323.2m, in the December quarter.