June construction figures to drag on GDP

28 August 2019

 

Construction expenditure increased rapidly in Australia in the early part of this decade. A large portion of the increase came from the commissioning of new liquid natural gas projects and the expansion of existing mining projects to exploit a tripling in price of Australia’s mining exports in the previous decade. The return to “normal” investment levels is still continuing.  According to the latest construction figures published by the ABS, the...

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