Total construction work done in Australia declined by 1.0 percent quarter-on-quarter in the three months to March 2020, following a downwardly revised 2.9 percent fall in the previous period and compared with market consensus of a 1.5 percent drop. Activities dropped for most categories: residential (-1.6 percent), engineering (-1.1 percent), and building (-1.0 percent). Meanwhile, the work done for non-residential was flat. Through the year to the first quarter, construction output tumbled 6.5 percent.
Construction Output in Australia averaged 0.79 percent from 1986 until 2020, reaching an all time high of 17.30 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 May of 2020. source: Australian Bureau of Statistics
Construction Output in Australia is expected to be 0.60 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 0.40 in 12 months time. In the long-term, the Australia Construction Output is projected to trend around 0.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.