Australia Construction Output

Total construction work done in Australia rose 0.7% quarter-on-quarter to A$65,440.5 million in the three months to December 2023, slowing from a 1.3% gain in the third quarter and missing market expectations for a 0.8% increase. The quarterly increase was driven by rises in non-residential construction (5%) and engineering construction (2.7%), while building construction (-1.1%) and residential construction (-5.2%). On a geographical basis, total construction work rose in Victoria (0.2%), Queensland (1.5%), Western Australia (2.4%), Tasmania (4.9%), Northern Territory (9.2%) and Australian Capital Territory (4.3%). Meanwhile, it fell in New South Wales (-0.7%) and South Australia (-5.2%). On an annual basis, total construction work done increased 8.7% in the fourth quarter.