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 ...

Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Add new comment

Read our comment policy before posting your viewpoints