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Construction activity in Australia remains weak

Published by
World Cement,


According to the latest figures release by the Australian Bureau of Statistics (ABS), construction activity remained sluggish in 4Q13.

4Q13 figures

  • The total value of construction work done in Australia declined by 1% q/q (from 3Q13) and 0.2% y/y (from 4Q12) to AUS$53.1 billion in 4Q13.
  • The value of building work undertaken stood at AUS$20.8 billion in 4Q13, representing a 1.6% q/q decrease from 3Q13 and a 0.3% y/y increase compared to 4Q12.
  • The value of residential building work done was down by 1.7% q/q (from 3Q13) and 1% y/y (from 4Q12), totalling AUS$12.1 billion in 4Q13.
  • The value of non-residential building work carried out stood at AUS$8.68 billion, a 1.5% q/q decline (from 3Q13) and a 2.2% y/y increase (from 4Q12).
  • Engineering work, including mines, roads, bridges and other infrastructure, decreased by 0.5% q/q to A$32.32 billion in 4Q13, against 3Q13, but rose by 0.1% y/y compared to 4Q12.

The results for the quarter were weaker than anticipated and indicate that the country’s construction industry is experiencing a very slow recovery and is still struggling to grow, despite easing of cash rates.

Edited from various sources by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/26022014/construction_activity_in_australia_remains_weak_814/


 

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