Analysts at TD Securities note that the Australia’s Q3 Construction work done surprised to the downside, -2.8%/qtr vs the market forecast for a +1% rise for the quarter. Key Quotes “All sectors posted falls – Private residential -0.9%, private non res -2.2% and private engineering -7.5%/qtr. Total Public construction fell 1%/qtr, but we don’t expect this to be a sustained trend given focus on State infrastructure investment.” “Overall we would expect today’s outcome to serve as a drag on GDP, but historically there has been less of a direct impact on GDP. Tomorrow’s Capex print for Q3 is likely to be more instructive.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: On the defensive – Commerzbank FX Street 4 years Analysts at TD Securities note that the Australia's Q3 Construction work done surprised to the downside, -2.8%/qtr vs the market forecast for a +1% rise for the quarter. Key Quotes "All sectors posted falls - Private residential -0.9%, private non res -2.2% and private engineering -7.5%/qtr. Total Public construction fell 1%/qtr, but we don't expect this to be a sustained trend given focus on State infrastructure investment." "Overall we would expect today's outcome to serve as a drag on GDP, but historically there has been less of a direct impact on GDP. Tomorrow's Capex print for Q3 is likely to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
