Total construction work done in Australia unexpectedly declined by 0.9 percent quarter-on-quarter in the three months to December 2020, after a downwardly revised 1.8 percent fall in the previous period and missing market consensus of a 1.0 percent growth. This was the second straight quarter of decrease in construction output, due to falls in both engineering activity (-2.8 percent) and non-residential (-2.4 percent). In contrast, output grew for both residential (2.7 percent) and building (0.6 percent). Through the year to the fourth quarter, construction output fell by 1.4 percent. source: Australian Bureau of Statistics
Construction Output in Australia averaged 0.77 percent from 1986 until 2020, reaching an all time high of 18 percent in the third quarter of 2017 and a record low of -18.90 percent in the third quarter of 2000. This page provides the latest reported value for - Australia Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Construction Output in Australia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Australia to stand at 0.50 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.70 percent in 2022, according to our econometric models.