Total construction work done in Australia increased 2.2% on a quarter-on-quarter seasonally-adjusted terms in the three months to September 2022, exceeding expectations for a 1.5% gain and reversing from a 3.8% drop in the second quarter. It was the steepest rise since the first quarter of 2021, driven mainly by a 3.4% increase in engineering construction in the September quarter. Building work done also rose 1.2% during the period. On a geographical basis, total construction work increased in the third quarter in Tasmania (4.9%), Victoria (3.7%), South Australia (3.1%), New South Wales (2.4%), Western Australia (1.6%), Northern Territory (0.6%) and Queensland (0.4%). Meanwhile total construction work done decreased 3.2% in the Australian Capital Territory. source: Australian Bureau of Statistics
Construction Output in Australia averaged 0.76 percent from 1986 until 2022, reaching an all time high of 17.80 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 January of 2023.
Construction Output in Australia is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.