Total construction work done in Australia declined unexpectedly by 1.9 percent in the three months to March 2019, after a downwardly revised 2.1 percent drop in the previous month and missing market expectations of a flat reading. Construction output declined for the third consecutive quarter, driven by falls in engineering work (-3.9 percent), residential (-2.5 percent) and building work (-0.4 percent). Conversely, non-residential output grew by 3.6 percent. Through the year to the first quarter, construction output fell by 6 percent. Construction Output in Australia averaged 0.85 percent from 1986 until 2019, reaching an all time high of 17.80 percent in the third quarter of 2017 and a record low of -18.90 percent in the third quarter of 2000.

Construction Output in Australia is expected to be -0.70 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 1.10 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.20 percent in 2020, according to our econometric models.

Australia Construction Output
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-22 01:30 AM Construction Work Done QoQ Q2 1.6% 2.4% 0.7% 1.1%
2018-11-28 12:30 AM Construction Work Done QoQ Q3 -2.8% 1.8% 1.0% 0.8%
2019-02-27 12:30 AM Construction Work Done QoQ Q4 -3.1% -3.6% 0.4% -3%
2019-05-22 01:30 AM Construction Work Done QoQ Q1 -1.9% -2.1% 0% -2.3%
2019-08-22 01:30 AM Construction Work Done QoQ Q2 -1.9% -0.7%
2019-11-28 12:30 AM Construction Work Done QoQ Q3

Australia Housing Last Previous Highest Lowest Unit
Building Permits 0.70 -3.40 31.80 -21.80 percent [+]
New Home Sales 5198.00 4036.00 20768.00 4036.00 Units [+]
Housing Index -3.00 -2.40 6.10 -3.00 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -1.90 -3.10 17.80 -18.90 percent [+]
Construction Pmi 43.00 40.40 60.50 29.24 Index Points [+]

Australia Construction Output

In Australia, construction output refers to the quarter-over-quarter change in the value of construction work done, including building and engineering for both the private and public sectors. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -3.10 17.80 -18.90 1986 - 2019 percent Quarterly

Country Last Previous
Argentina -3.40 May/19
Australia -1.90 Mar/19
Euro Area 2.00 May/19
France 6.20 Mar/19
Germany 0.10 May/19
India 5.10 May/19
Italy 2.00 May/19
Mexico -9.75 May/19
Netherlands 6.30 May/19
Russia 0.10 Jun/19
South Korea -5.30 May/19
Spain 0.00 May/19
Switzerland 1.20 Mar/19
United Kingdom 1.70 May/19