Biggest Fall in 16 Years
Biggest Fall in 16 Years

Biggest Fall in 16 Years

Biggest Fall in 16 Years

Just when the market had anticipated Australian construction had hit “peak weakness”, activity has posted its biggest fall in 16 years, ABC reported. On seasonally adjusted figures from the Australian Bureau of Statistics, construction work fell sharply by 4.9% in the September quarter, far worse than consensus expectations of a 1.6% slide. It represents the third consecutive quarter in decline. On an annualized basis, construction work is down 11%, a further slowing from the 9% slump for the June quarter. The weakness was broadly based, including disappointing activity in residential building and non-residential construction as well as the ongoing contraction in large scale engineering work in the resources sector.


Short URL : https://goo.gl/AwcF96
  1. https://goo.gl/Ypq1be
  • https://goo.gl/8G8ULv
  • https://goo.gl/n0It1P
  • https://goo.gl/PW0tMI
  • https://goo.gl/oFhLKv

You can also read ...

India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
All Asian currencies have declined this year in the fallout from the US-China trade war.
Don’t be fooled as Asian currency swings seemed to be...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...

Add new comment

Read our comment policy before posting your viewpoints