Total construction work done in Australia declined by 3.8 percent in the three months to June 2019, following an upwardly revised 2.2 percent fall in the previous period and compared with market consensus of a 1 percent decrease. It was the fourth straight quarter decline in construction output and the steepest since the last quarter of 2017, as activities dropped for all categories: non-residential (-6.6 percent), building work (-5.7 percent), residential (-5.1 percent) and engineering (-1.1 percent). Through the year to the June quarter, construction output tumbled 11.1 percent. Construction Output in Australia averaged 0.82 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.
Construction Output in Australia is expected to be -1.90 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 0.60 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.20 percent in 2020, according to our econometric models.