Data from the Australian Bureau of Statistics on building work
-4.9% q/q … a big miss
– expected -1.6%
– prior -3.7%
–
Some detail … note the huge hole in ‘Engineering’ … mining investment still on the slide. That’s not new news, but nevertheless its come in worse than expected:
Australia: Q3 Construction Work Done: -4.9% q/q (expected -1.6% and prior -3.7%)
