Australian data - Q2 2025 Construction Work Done +3.0% q/q (vs. expected +0.8%)

Australian data - Q2 2025 Construction Work Done +3.0% q/q

• expected +0.8%, prior +0%
• best rise since Q1 2023

Encouraging improvement.

Most of the focus is on the monthly CPI, a very hot reading:

• Australian monthly CPI (July 2025) 2.8% y/y (vs. 2.3% expected)

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Construction work done includes building work (residential and non - residential) and engineering work.