Construction falls for fifth quarter running

Original article by Michael Bleby
The Australian Financial Review – Page: 31 : 28-Nov-19

Australian Bureau of Statistics data shows that residential construction activity fell by 3.1 per cent quarter-on-quarter in the three months to September, to $18.3bn in seasonally adjusted terms. Meanwhile, engineering construction declined by 0.2 per cent in the September quarter, to $21.1bn, although non-residential construction increased by four per cent to $11.4bn. Gareth Aird of the Commonwealth Bank says the residential construction sector continues to be a drag on the economy.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

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