Construction Work Done fell 4.9%

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Wednesday, Nov 23 2016

Construction Work Done fell 4.9%

The trend estimate for total construction work done fell 3.1% in the September quarter 2016. The seasonally adjusted estimate for total construction work done fell 4.9% to $46,147.8m in the September quarter. The trend estimate for total building work done fell 0.7% in the September quarter.

The trend estimate for non-residential building work done fell 3.1% and residential building work rose 0.6%.The seasonally adjusted estimate of total building work done fell 5.7% to $25,886.6m in the September quarter. The trend estimate for engineering work done fell 5.6% in the September quarter. The seasonally adjusted estimate for engineering work done fell 3.8% to $20,261.3m in the September quarter.

Aussie is currently being traded around 0.74 handle. Pair is likely to find support around 0.7350 area and resistance above 0.7480 level.

More in this category: « Existing Home Sales up by 2.0% French Manufacturing PMI in line with market forecasts »

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