A preview for the Construction work done in the third quarter (July to September) of 2018 data
- is due at 0030GMT on Wednesday 28 November 2018
This is watched as an indicator for the full Q3 GDP, this data is due on December 5.
ANZ preview the data:
- We believe construction nudged higher again in Q3.
- The public sector is likely to be a key component of this result, especially on the engineering side as work on road and rail infrastructure continues to pick up.
- Privately funded work is likely to ease as some mining projects approach completion, and we think housing construction will begin to pull back from its current peak.
- Ignore the sharp overall y/y fall; this just reflects the importation of a large LNG module a year ago.
