Australian Construction Work Done QoQ (Q4) Q/Q -0.1% vs. Exp. 0.9% (Prev. -0.7%, Low. 0%, High. 2.5%)
Newsquawk Staff ·
Australian Construction Work Done QoQ (Q4) Q/Q -0.1% vs. Exp. 0.9% (Prev. -0.7%, Low. 0%, High. 2.5%)
What it means
The Australian Construction Work Done data shows a contraction of -0.1% in Q4, missing expectations of 0.9% and reflecting a prior decline of -0.7%. This underperformance suggests potential weakening in the construction sector, which could prompt reassessment of growth prospects and monetary policy moving forward.
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