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Australian construction saw a 0.5% quarterly rise, driven by engineering work, but lagged residential declines.
Australian construction work saw a 0.5% increase in the last quarter of 2024, falling short of the expected 1% growth.
This growth was mainly due to a 1.8% rise in engineering work, while building work, including residential and non-residential, fell by 0.7%.
The annual construction growth was 1.8%, with residential construction up 5.7% and non-residential down 9.6%.
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La construcción australiana experimentó un aumento trimestral del 0,5%, impulsado por trabajos de ingeniería, pero declinaciones residenciales atrasadas.