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- Australia сonstruction work falls 2.6% in Q3
Australia сonstruction work falls 2.6% in Q3
RTTNews reports that according to the report from Australian Bureau of Statistics, the total value of construction work done in Australia was down a seasonally adjusted 2.6 percent q/q in the third quarter of 2020, coming in at A$51.179 billion.
That missed expectations for a fall of 2.0 percent following the 0.7 percent decline in the previous three months.
On a yearly basis, the value of construction was down 4.2 percent.
Building work was down 2.0 percent on quarter and 7.2 percent on year at A$28.971 billion.
Residential work was down 1.0 percent on quarter and 8.9 percent on year, while non-residential work fell 3.4 percent on quarter and 4.5 percent on year.
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