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Economic Buzz: Australia Construction Work Done Up 2.9% In Q4

23 Feb 2022 , 10:02 AM

Australia construction work done was up a seasonally adjusted 2.9 percent on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday, coming in at A$53.463 billion and following the 0.3 percent contraction in the three months prior. Building work done fell 1.3 percent on quarter to A$30.398 billion, while engineering work done rose 0.7 percent on quarter to A$23.065 billion. Residential building work was up 1.3 percent on quarter and residential building work dropped 2.9 percent.

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