8755.0 - Construction Work Done, Australia, Preliminary, Sep 2017
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/11/2017
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SEPTEMBER KEY POINTS
VALUE OF WORK DONE, CHAIN VOLUME MEASURES
BUILDING WORK DONE
ENGINEERING WORK DONE
ABOUT THIS ISSUE
This publication provides an early indication of trends in building and engineering construction activity. The data are estimates based on a response rate of approximately 85% of the value of both building and engineering work done during the quarter. More comprehensive and updated results will be released in Engineering Construction Activity, Australia (cat. no. 8762.0) on 17 January 2018 and in Building Activity, Australia (cat.no. 8752.0) on 17 January 2018.
CHANGES IN THIS ISSUE
A new base year, 2015-16, has been introduced in the chain volume estimates resulting in revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2015-16, preserving additivity in the quarters after the reference year. Re-referencing affects the levels of, but not the movements in, chain volume estimates. For further information, see the explanatory notes.
Trend estimates should be used with caution due to the volatility caused by large engineering projects. For more details on trend estimates, please see paragraphs 24 to 26 of the explanatory notes.
Mining projects tend to be complex in structure and comprise a number of different investment activities including exploration, engineering construction, plant and equipment and buildings. A feature article released in the March 2012 issue of Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0) provides a summary of the conceptual basis of the relevant ABS publications that measure investment in Australia, using a hypothetical mining project to illustrate how this investment is reflected in ABS data.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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