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8762.0 - Engineering Construction Activity, Australia, Jun 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/10/2004   
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JUNE KEY FIGURES

Jun qtr 04
Mar qtr 04 to Jun qtr 04
Jun qtr 03 to Jun qtr 04
$m
% change
% change

TREND ESTIMATES VOLUME TERMS(a)

Value of work done
For the private sector
3,897.2
-0.2
8.4
For the public sector(b)
2,876.8
2.3
4.0
Total engineering construction
6,787.8
1.0
6.7

SEASONALLY ADJUSTED VOLUME TERMS(a)

Value of work done
For the private sector
3,773.0
-5.1
4.7
For the public sector(b)
2,912.7
2.8
3.6
Total engineering construction
6,685.7
-1.8
4.3

(a) Chain volume measures, reference year 2002-03.
(b) Includes work done by the private sector for the public sector and work done by the public sector.

Value of work done, Total engineering - Volume terms
Graph: Value of work done Total Engineering Volume terms

Value of work done, Volume terms - Trend estimates
Graph: Value of work done Volume terms Trend estimates



JUNE KEY POINTS


VALUE OF CONSTRUCTION WORK DONE, VOLUME TERMS

Trend estimates

  • The trend estimate for the value of total engineering construction work done rose 1.0% in the June 2004 quarter. The trend has now risen for thirteen consecutive quarters.
  • The trend estimate for the value of work done for the private sector fell 0.2% in the June 2004 quarter. Work done for the public sector rose 2.3% in the June 2004 quarter.

Seasonally adjusted estimates
  • The seasonally adjusted estimate for the value of total engineering construction work done in the June 2004 quarter fell 1.8%, to $6,685.7m. This is still the second highest level on record.
  • The seasonally adjusted estimate for the value of work done for the private sector fell 5.1%, to $3,773m, in the June 2004 quarter. The value of work done for the public sector rose 2.8%, to $2,912.7m.

Original estimates
  • The value of work done in the June 2004 quarter rose 11.5%, to $7,107.1m. This is the highest value since the series began in the September quarter 1986.
  • The value of work done for the private sector rose 1.5%, to $3,776m, in the June quarter 2004. Work done for the public sector rose 25.5%, to $3331.2m, following a 3.0% fall in the March 2004 quarter.


NOTES


CHANGES IN THIS ISSUE

A new base year, 2002-03, has been introduced into the chain volume estimates which has resulted in revisions to growth rates in subsequent periods.


In addition, the chain volume estimates have been re-referenced to 2002-03, thereby preserving additivity in the quarters after the reference year. Re-referencing affects the levels of, but not the movements in, chain volume estimates.



SIGNIFICANT REVISIONS THIS QUARTER

Compared with the estimates in original terms published in the previous issue of this publication:

  • the December quarter 2003 estimates have been revised upwards by $9.9m for work commenced, downwards by $6.6m for work done and downwards by $40.1m for work yet to be done.
  • the March quarter 2004 estimates have been revised upwards by $217.7m for work commenced, $35.8m for work done and $80.8m for work yet to be done. The revised estimates for work commenced were predominately due to revisions in the private sector for 'electricity generation, transmission and distribution'.


DATA NOTES

There are no notes about the data.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or James Inglis on Adelaide (08) 8237 7405.


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