Total construction work done in Australia unexpectedly fell by 3.8% on a quarter-on-quarter seasonally-adjusted terms in the three months to June 2022, missing market expectations of a 0.9% rise and following a downwardly revised 0.3% fall in the first quarter. It was the second straight quarter of decline in construction activity and the steepest pace since the September quarter of 2016, due to decreases in building work done (-4.6%), residential (-6.8%), non-residential (-1.1%), and engineering work (-2.7%). On a geographical basis, total construction work done dropped in New South Wales, Queensland, South Australia, Victoria, Western Australia, and Tasmania, while increased in Northern Territory, and Australian Capital Territory. Through the year to the second quarter, construction output dropped by 4.3 percent. source: Australian Bureau of Statistics
Construction Output in Australia averaged 0.73 percent from 1986 until 2022, reaching an all time high of 17.90 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 November of 2022.
Construction Output in Australia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Construction Output is projected to trend around 0.70 percent in 2023, according to our econometric models.