Construction work done in the July to September quarter in Australia
A huge beat, coming in at +15.7% q/q
- expected was -2.3%
- The previous quarter was +9.3%
Yes ... a big beat ... but note that its due to LNG platforms/tankers.... and while construction goes into Q3 GDP these are imported so they will not contribute to GDP.
Once the AUD pop takes out a few more stops its best faded.
