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Australian Bureau of Statistics
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1360.0 - Measuring Australia's Economy, 2003
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/02/2003 |
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The value of engineering construction work done in trend, chain volume terms gradually rose in the period 1993 to 1999, with a peak of $5,297m in September quarter 1999. From here there was a period of decline until a trough in March quarter 2001 ($4,419m). Since then there has been a period of steady growth. During the last 10 years the private sector has undertaken the greatest share of this activity.
Explanatory Notes Engineering construction is infrastructure construction, e.g. roads, bridges, railways, telecommunications, water and sewerage, electricity generation and distribution facilities. The level of engineering construction gives an indication of the economy’s capability to grow and expand in the future. A modern economy needs a highly efficient infrastructure to ensure that the economy can operate to its capacity and continue to grow and that the needs of the population are adequately serviced. A significant proportion of engineering construction is funded by government although much of the work is contracted out to private sector firms. Engineering construction is a component of gross fixed capital formation in the national accounts, which forms part of the expenditure measure of gross domestic product (GDP) as well as being shown in the capital account. Further Reading Engineering Construction Activity, Australia (8762.0) Provides value of engineering construction work done, value of commencements and value of work yet to be done classified by State or Territory, commodity (roads, bridges, pipelines, etc.), sector undertaking work, and sector for whom the work is done.
This page last updated 22 August 2007
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