Total construction work done in Australia declined by 0.4 percent quarter-on-quarter in the three months to September 2019, following a downwardly revised 2.8 percent fall in the previous period and compared with market consensus of a 1 percent drop. It was the fifth consecutive decline in construction output and the weakest in the current downward trend, as activities dropped for residential (-3.1 percent), building (-0.5 percent) and engineering (-0.2 percent). In contrast, non-residential output grew by 4 percent. Through the year to the third quarter, construction output tumbled 7 percent.
Construction Output in Australia averaged 0.81 percent from 1986 until 2019, reaching an all time high of 17.90 percent in the third quarter of 2017 and a record low of -18.90 percent in the third quarter of 2000. This page provides the latest reported value for - Australia Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Australian Bureau of Statistics
Construction Output in Australia is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Australia to stand at 0.20 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.