Construction Work Done fell by 2.6% in Q1

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Wednesday, May 25 2016

The trend estimate for total construction work done fell 3.0% in the March quarter 2016. The seasonally adjusted estimate for total construction work done fell 2.6% to $47,928.8m in the March quarter. Analysts were predicting 1.4% decrease. The trend estimate for total building work done rose 0.9% in the March quarter.

The trend estimate for non-residential building work done fell 1.6% and residential building work rose 2.2%. The seasonally adjusted estimate of total building work done fell 1.0% to $24,918.7m in the March quarter. The trend estimate for engineering work done fell 6.5% in the March quarter.The seasonally adjusted estimate for engineering work done fell 4.2% to $23,010.0m in the March quarter.

Aussie is currently being traded few points above 0.72 level. Pair is likely to find support around 0.7150 handle and resistance above 0.7250 level. There will be no major data releases later today.

More in this category: « New Home Sales rose to an eight year high German Business Climate rose to 107.7 »

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