Australian data - Q4 Construction Work Done 0.7% q.q vs. 0.8% expected

The focus was on:

• Australian monthly inflation (January 2024) 3.4% y/y (vs. 3.6% expected)

But, there was also data for Australian Construction Work Done in Q4 2023, which hit at +0.7% q/q

• expected +0.8%, prior +1.3%
• residential construction down @ -5.2% q/q and -1.9% y/y
• non-resi up @ +5.0% q/q and +12.1% y/y
• infrastructure (engineering) up @ +2.7% q/q and +15.0% y/y