QTPA Member Alert | ABS Engineering Construction Activity, Australia, Mar 2012 (5/7/2012)
ABS Engineering Construction Activity, Australia, Mar 2012
Some interesting trends with total engineering construction work rising 5.4% split up between private sector rising at 8.1% and the public sector falling at 1.8%. The March quarter 2012 increased 4.7% over the December quarter 2011.
MARCH 2012 KEY FIGURES
| Mar qtr 12 | Dec qtr 11 to Mar qtr 12 | Mar qtr 11 to Mar qtr 12 | |||
| $m | % change | % change | |||
TREND ESTIMATES(a) | |||||
| Value of work done | |||||
| For the private sector | 21 857.8 | 8.1 | 52.0 | ||
| For the public sector(b) | 7 386.7 | -1.8 | -3.1 | ||
| Total engineering construction | 29 232.0 | 5.4 | 32.8 | ||
SEASONALLY ADJUSTED ESTIMATES(a) | |||||
| Value of work done | |||||
| For the private sector | 22 447.9 | 19.3 | 56.2 | ||
| For the public sector(b) | 7 398.6 | -1.7 | -3.2 | ||
| Total engineering construction | 29 846.6 | 13.3 | 35.6 | ||
| (a) Chain volume measures, reference year 2009-10. | |||||
| (b) Includes work done by the private sector for the public sector and work done by the public sector. | |||||
Value of work done, Chain volume measures | Value of work done, Chain volume measures – Trend estimates | ||||
MARCH KEY POINTS
VALUE OF WORK DONE, CHAIN VOLUME MEASURES
TOTAL
- The trend estimate for the value of total engineering construction work done rose 5.4% in the March 2012 quarter.
- The seasonally adjusted estimate for the value of total engineering construction work done rose 13.3% in the March quarter to $29,846.6m.
PRIVATE SECTOR
- The trend estimate for the value of work done for the private sector rose 8.1% in the March quarter.
- The seasonally adjusted estimate for the value of work done for the private sector rose 19.3% in the March quarter to $22,447.9m.
PUBLIC SECTOR
- The trend estimate for the value of work done for the public sector fell 1.8% in the March quarter.
- The seasonally adjusted estimate for the value of work done for the public sector fell 1.7% in the March quarter to $7,398.6m.
VALUE OF WORK COMMENCED, CURRENT PRICES
- The value of work commenced in the March quarter was $20,806.6m, an increase of 4.7% from the December quarter.
Jim Vaughan
Chief Executive Officer
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