Australian Q1 2025 Construction Work Done
0.0% q/q, not a good result, well under expected and well under the previous quarter
expected +0.4%, prior +0.5%
At 0% on the quarter construction will add nothing to Q1 GDP:
public sector work was weak, dragging down the headlineresidential building was a little better, s flow of work in that sector
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Construction work done includes building work (residential and non – residential) and engineering work.
This article was written by Eamonn Sheridan at www.forexlive.com.