Total construction work done in Australia decreased on quarter-on-quarter seasonally-adjusted terms by 0.4% in the three months to December 2022, missing expectations of a 1.5% gain and reversing a 2.2% rise in the preceding period. The decline was driven by sharp falls in non-residential construction (-5.1%) and building construction (-1.6%). By contrast, residential and engineering construction grew by 0.9% and 1%, respectively. On a geographical basis, total construction work dropped in the fourth quarter in South Australia (-8.6%), Australian Capital Territory (-7.9%), Northern Territory (-6.5%), Tasmania (-3.5%), Victoria (-2.5%) and Queensland (-1%); while increasing in Western Australia (5%) and New South Wales (1.3%). source: Australian Bureau of Statistics

Construction Output in Australia averaged 0.76 percent from 1986 until 2022, 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. 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 March of 2023.

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. In the long-term, the Australia Construction Output is projected to trend around 0.60 percent in 2024 and 0.40 percent in 2025, according to our econometric models.

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Australia Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2022-11-30 12:30 AM Q3 2.2% -3.8% 1.5% 2.5%
2023-02-22 12:30 AM Q4 -0.4% 2.2% 1.5% 1.6%
2023-05-31 01:30 AM Q1 -0.4% -0.6%


Related Last Previous Unit Reference
Building Permits 12065.00 16673.00 Jan 2023
Housing Index 183.90 175.60 points Dec 2021
Home Loans 14668.10 15428.80 AUD Million Jan 2023
Construction Output -0.40 2.20 percent Dec 2022
Home Ownership Rate 66.00 66.20 percent Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 2.20 17.80 -18.90 1986 - 2022 percent Quarterly
SA

News Stream
Australia Q4 Construction Output Misses Forecast
Total construction work done in Australia decreased on quarter-on-quarter seasonally-adjusted terms by 0.4% in the three months to December 2022, missing expectations of a 1.5% gain and reversing a 2.2% rise in the preceding period. The decline was driven by sharp falls in non-residential construction (-5.1%) and building construction (-1.6%). By contrast, residential and engineering construction grew by 0.9% and 1%, respectively. On a geographical basis, total construction work dropped in the fourth quarter in South Australia (-8.6%), Australian Capital Territory (-7.9%), Northern Territory (-6.5%), Tasmania (-3.5%), Victoria (-2.5%) and Queensland (-1%); while increasing in Western Australia (5%) and New South Wales (1.3%).
2023-02-22
Australia Q3 Construction Output Above Expectations
Total construction work done in Australia increased 2.2% on a quarter-on-quarter seasonally-adjusted terms in the three months to September 2022, exceeding expectations for a 1.5% gain and reversing from a 3.8% drop in the second quarter. It was the steepest rise since the first quarter of 2021, driven mainly by a 3.4% increase in engineering construction in the September quarter. Building work done also rose 1.2% during the period. On a geographical basis, total construction work increased in the third quarter in Tasmania (4.9%), Victoria (3.7%), South Australia (3.1%), New South Wales (2.4%), Western Australia (1.6%), Northern Territory (0.6%) and Queensland (0.4%). Meanwhile total construction work done decreased 3.2% in the Australian Capital Territory.
2022-11-30
Australia Q2 Construction Output Unexpectedly Drops
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.
2022-08-31