31.05.202301:52:00UTC+00Australia Construction Work Done Increases 1.8% In Q1

The total value of construction work done in Australia was up a seasonally adjusted 1.8 percent on quarter in the first quarter of 2023, the Australian Bureau of Statistics said on Wednesday - coming in at A$57.686 billion.

That beat forecasts for an increase of 1.5 percent following the 0.3 percent contraction in the three months prior.

On a yearly basis, construction work done improved 5.1 percent.

Building work fell 1.1 percent on quarter and 2.2 percent on year, while resident building work shed 2.0 percent on quarter and 5.1 percent on year, non-residential construction work rose 0.3 percent on quarter and 2.2 percent on year and engineering work jumped 5.3 percent on quarter and 14.9 percent on year.