Total construction work done in Australia rose by 2.4 percent quarter-on-quarter in the three months to March 2021, after an upwardly revised 0.4 percent gain in the previous period and beating market consensus of a 2.2 percent growth. The pickup was supported by rises in both residential (5.1 percent) and engineering work (2.2 percent). On the other hand, non-residential activity fell 1.6 percent. Through the year to the first quarter, construction output dropped by 1.8 percent. source: Australian Bureau of Statistics
Construction Output in Australia averaged 0.78 percent from 1986 until 2021, reaching an all time high of 18 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. Australia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
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 0.50 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.70 percent in 2022, according to our econometric models.