Engineering drives construction growth
The Australian Bureau of Statistics (ABS) has released key construction findings for the March quarter, which show that engineering work has lead a modest growth in the construction sector.
Despite overall building, residential and non-residential all recording drops, engineering recorded a healthy 5.4 per cent increase from the previous quarter, and a 32.9 per cent increase from the same time last year.
Building work done slumped 2.2 per cent, while residential fell 1.5 per cent. Non-residential work done recorded the biggest slump, posting a 3.1 per cent contraction.
Seasonally adjusted, engineering work done rose 13.3 per cent to $23,849.6 million in the March quarter.