Australian data: Q1 Construction work completed -2.9% q/q vs. +0.5% expected

Q1 Construction work completed -2.9% q/q +0.5% expected, +0.7% priorResidential building -1.2% q/qNon-residential -7% Engineering -2.1% The focus is on the Australian inflation data, but this is a very poor reading. This article was written by Eamonn Sheridan at www.forexlive.com.

Australian data: Q1 Construction work completed -2.9% q/q vs. +0.5% expected

Q1 Construction work completed -2.9% q/q

  • +0.5% expected, +0.7% prior

Residential building -1.2% q/q

  • Non-residential -7%
  • Engineering -2.1%

The focus is on the Australian inflation data, but this is a very poor reading. This article was written by Eamonn Sheridan at www.forexlive.com.