Construction work done rises 2.3%
May 28, 2008 - 11:32AM
Total construction work done in Australia rose 2.3 per cent in the March quarter in volume terms, seasonally adjusted.
The Australian Bureau of Statistics (ABS) said total construction work done was valued at $29.968 billion, compared with an upwardly revised $29.300 billion in the December quarter.
The median market forecast was for a rise of 2.0 per cent.
The ABS said total building work done in the March quarter fell to $16.445 billion, seasonally adjusted, from an upwardly revised $16.450 billion in the December quarter.
Engineering work done rose to $13.524 billion from $12.850 billion.
The artical paints a growing trend of continued construction, however how long the economy can support this is under question
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