Construction spending holds up; June GDP forecasts to rise

Summary: Construction spending contracts but at much less than expected; March quarter revised up; residential, non-residential building down; engineering up, possibly stronger mining investment; June quarter GDP growth forecasts likely to be less negative than previously thought.   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...

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