Total construction work done in Australia unexpectedly dropped by 0.9% on a quarter-on-quarter seasonally-adjusted terms in the three months to March 2022, missing expectations of a 1% gain and following a revised 0.6% rise in the fourth quarter 2021. The fall was dragged down by a decline in building work done in the March quarter (-1.3%), residential (-0.9%), non-residential (-1.8%), and engineering work (-0.4%). On a geographical basis, total construction work done dropped in New South Wales, Queensland, South Australia, Northern Territory, and Australian Capital Territory (-14.4%), while increased in Victoria, Western Australia, and Tasmania. Through the year to the first quarter, construction output grew by 1.4 percent. source: Australian Bureau of Statistics
Construction Output in Australia averaged 0.76 percent from 1986 until 2022, 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. 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 May of 2022.
Construction Output in Australia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Construction Output is projected to trend around 0.70 percent in 2023, according to our econometric models.