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