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Australian data: Q1 Construction work completed -2.9% q/q vs. +0.5% expected

Australian data: Q1 Construction work completed -2.9% q/q vs. +0.5% expected

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Eamonn Sheridan
29/05/2024 | 01:35 GMT

Q1 Construction work completed -2.9% q/q

  • +0.5% expected, +0.7% prior

Residential building -1.2% q/q

  • Non-residential -7%
  • Engineering -2.1%

The focus is on the Australian inflation data, but this is a very poor reading.

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