Building Activity Lower In Dec 2016 Quarter

According to the ABS, the trend estimate of the value of total building work done fell 0.5% in the December 2016 quarter.

The trend estimate for the total number of dwelling units commenced also fell 1.5% in the December 2016 quarter following a fall of 1.5% in the September quarter.

The trend estimate of the value of new residential building work done was flat in the December quarter. The value of work done on new houses fell 0.7% while new other residential building rose 0.7%.

The trend estimate for new private sector house commencements fell 0.9% in the December quarter following a rise of 0.4% in the September quarter.

The trend estimate for new private sector other residential building commencements fell 1.7% in the December quarter following a fall of 3.2% in the September quarter.

The trend estimate of the value of non-residential building work done fell 1.7% in the December quarter.

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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