Economic Buzz: Australia Construction Work Eases 0.9% On Quarter In Q4

Economic Buzz: Australia Construction Work Eases 0.9% On Quarter In Q4

Feb 24, 2021 09:02 IST capital market

Australia value of total construction work done was down a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2020, the Australian Bureau of Statistics said on Wednesday, coming in at A$51.170 billion, following the 1.8 percent contraction in the previous three months. On a yearly basis, construction work was down 1.4 percent. Building work was up 0.6 percent on quarter and down 2.2 percent on year at A$29.373 billion, while residential work was up 2.7 percent on quarter and down 0.7 percent on year at A$17.865 billion.

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