Financial News: Australia Construction Work Climbs 1.6% In Q3

Australia Construction Work Climbs 1.6% In Q3

11/26/2024 - 19:39:00 (RTTNews)

(RTTNews) - The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion.

That beat expectations for an increase of 0.4 percent and was up from 0.1 percent in the three months prior.

On a yearly basis, construction work was up 3.2 percent.

Individually, residential construction was up 1.8 percent on month and 0.1 percent on year at A$23.373 billion. Non-residential construction fell 1.0 percent on month but was up 1.7 percent on year at A$15.265 billion.

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