Australian Bureau of Statistics
1301.0 - Year Book Australia, 2002
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002
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Trends over recent years in the level of activity of the construction industry as a whole are shown in table 20.3, which shows the value of work done, in chain volume terms, by kind of activity. Chain volume measures show changes in value after the direct effects of price changes have been eliminated. The table illustrates that, in 1999-2000, residential construction accounted for 42% of the activity, with engineering construction accounting for a further 33%, and non-residential construction for the remaining 25%. These were similar to the proportions in 1997-98 and in 1998-99. Over the past ten years the volumes of activity in residential and engineering construction have both grown by over 60%, whereas non-residential construction has grown by 18%.
Graph 20.4 shows the data from table 20.3 in a longer time series. It shows the decline in the value of residential construction from mid-1995, followed by a steady recovery from about mid-1997 accelerating to record levels ahead of the introduction of The New Tax System in July 2000. Engineering construction has grown steadily over the past 10 years.
Graph 20.5 shows that construction activity for the public sector has remained relatively constant at around $15b annually over the last ten years. The volatility evident in the total construction series is mainly due to private sector construction activity. The growth in total construction activity from June 1997 until June 2000 was driven by the growth in private sector activity.
More detailed information on the value of residential and non-residential building work done, in chain volume terms, is presented in table 20.6. The value of building work done rose by $3,109m (9%) to $38,398m in 1999-2000, following a rise of 10% in 1998-99. The 1999-2000 growth was most heavily influenced by the surge in new houses (contributing some 78% of the annual growth). Non-residential construction activity fell by $356m.
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