This is an input into next week's Q2 GDP data.
This is a huge beat, up 9.3% q/q
- Against expected of up 1%
- The prior, for Q1, was down 0.7%
Construction:
- The trend estimate for total construction work done rose 0.6% in the June quarter 2017.
- The seasonally adjusted estimate for total construction work done rose 9.3% to $51,669.7m in the June quarter.
Engineering work up 21.5%, on the back of completion of an LNG facility.
Says the ABS:
- The trend estimate for engineering work done rose 0.7% in the June quarter.
- The seasonally adjusted estimate for engineering work done rose 21.5% to $24,672.8m in the June quarter.
