Andrew Hanlan, analyst at Westpac, points out that the Australian Q4 construction activity fell sharply by -3.1% due to downsides surprises in housing and public works. Key Quotes “Expectations were for a small rise (market median 0.5% and Westpac 0.4%).” “With the construction sector accounting for 14% of the economy, the 3.1% drop in Q4 subtracts around 0.4ppts from overall activity. However, these partials do not always translate to the national accounts estimates 1-for-1 (particularly when the falls are relatively large).” “The September quarter result for construction activity was downgraded, lowered to -3.6% from -2.8%.” “The main surprises in the December quarter were around public and housing – with public construction activity falling, not rising; and with home building activity declining at a faster than anticipated pace.” 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: US-DE yield differentials break lower, Weidmann speech and Eurozone sentiment indices eyed FX Street 4 years Andrew Hanlan, analyst at Westpac, points out that the Australian Q4 construction activity fell sharply by -3.1% due to downsides surprises in housing and public works. Key Quotes "Expectations were for a small rise (market median 0.5% and Westpac 0.4%)." "With the construction sector accounting for 14% of the economy, the 3.1% drop in Q4 subtracts around 0.4ppts from overall activity. However, these partials do not always translate to the national accounts estimates 1-for-1 (particularly when the falls are relatively large)." "The September quarter result for construction activity was downgraded, lowered to -3.6% from -2.8%." "The main surprises in the… 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.
