March quarter construction down; negative Q1 GDP growth likely

27 May 2020

 

Summary: Construction spending contracts at slower pace in March quarter; non-residential building flat; residential and engineering spending falls smaller than in December quarter; March quarter GDP growth likely to be negative. Construction expenditure increased substantially in Australia in the early part of last decade following a more-steady expansion through the 2000s. A large portion of the increase came from the commissioning of new liquid natural gas projects and the expansion...

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