Construction Work Done fell 3.6%

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Wednesday, Nov 25 2015

The trend estimate for total construction work done fell 0.7% in the September quarter 2015. The seasonally adjusted estimate for total construction work done fell 3.6% to $49,040.7m in the September quarter. Decrease by 1.8% was expected.

Total building work done rose 0.5% in the September quarter in trend terms. Non-residential building work done fell 0.9%, while residential building work rose 1.3%.The seasonally adjusted estimate of total building work done rose 0.6% to $24,156.3m in the September quarter. The trend estimate for engineering work done fell 1.7% in the September quarter. The seasonally adjusted estimate for engineering work done fell 7.3% to $24,884.4m in the September quarter.

Aussie is currently being traded around 0.7260 area. Pair is likely to find support around 0.7220 handle and resistance above 0.73 level. Later today, in the US session, Durable Goods Orders, Unemployment Claims and New Home Sales figures are scheduled for a release.

More in this category: « CB Consumer Confidence unexpectedly declined to 90.4 BBA Mortgage Approvals rose to 45,400 »

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