The value of construction work done in Australia was up a seasonally adjusted 2.9 percent on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday – coming in at A$53.463 billion.
That beat expectations for an increase of 2.5 percent following the 0.3 percent contraction in the three months prior.
Building work done fell 1.3 percent on quarter to A$30.398 billion, while engineering work done rose 0.7 percent on quarter to A$23.065 billion.
Residential building work was up 1.3 percent on quarter and residential building work dropped 2.9 percent.
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