Victorian construction provides surprise, possibly upgrades for Sep quarter GDP

24 November 2021

 

Summary: Construction spending slips 0.3% in September quarter, fall smaller than expected; September quarter GDP fall could be less than previously expected; residential sector flat, non-residential building lower, engineering up; Victoria source of surprise, up 5.8%. 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 projects and...

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