Felicity Emmett, senior economist at ANZ, notes that the Australian construction fell 3.1% q/q in Q4, building on the downwardly revised 3.6% drop in Q3. Key Quotes “The weakness was concentrated in housing (-3.6% q/q) and engineering construction (-5.0% q/q), while non-residential building was up moderately (+1.9% q/q). Public sector construction (-6.0% q/q) was markedly weaker than private sector (-2.2% q/q).” “In terms of private sector construction, housing was the weak spot. It fell a solid 3.7% q/q, as new building declined 3.6% and renovations fell a similar 4.0%.” “The weakness in public construction was driven by a 10% drop in engineering construction. Non-residential building construction provided an offset, rising 7.3%.” “The weakness in H2 2018 has been more marked than we expected, and if this points to an earlier and sharper turn in the cycle than we expected, it would suggest downside risks to our outlook.” 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 BoJ’s Kuroda: Any exit from BoJ’s ultra-easy policy will be very gradual FX Street 4 years Felicity Emmett, senior economist at ANZ, notes that the Australian construction fell 3.1% q/q in Q4, building on the downwardly revised 3.6% drop in Q3. Key Quotes "The weakness was concentrated in housing (-3.6% q/q) and engineering construction (-5.0% q/q), while non-residential building was up moderately (+1.9% q/q). Public sector construction (-6.0% q/q) was markedly weaker than private sector (-2.2% q/q)." "In terms of private sector construction, housing was the weak spot. It fell a solid 3.7% q/q, as new building declined 3.6% and renovations fell a similar 4.0%." "The weakness in public construction was driven by a 10% drop… 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.
