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8755.0 - Construction Work Done, Australia, Preliminary, Mar 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/05/2004   
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MARCH KEY FIGURES

Mar qtr 04
Dec qtr 03 to Mar qtr 04
Mar qtr 03 to Mar qtr 04
$m
% change
% change
TREND ESTIMATES(a)
Value of work done
Building
12,044.6
2.6
5.5
Residential
8,218.3
2.8
6.2
Non-residential
3,817.8
1.9
4.0
Engineering
6,635.1
2.8
8.1
Total construction
18,717.3
2.9
6.6
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done
Building
11,940.6
-0.5
2.7
Residential
8,146.5
0.1
3.1
Non-residential
3,794.1
-1.9
1.8
Engineering
6,736.0
3.8
9.8
Total construction
18,676.6
1.0
5.1
(a) Reference year for Chain Volume Measures is 2001-2002.

Value of construction work done,
Volume terms: Trend estimates
Graph: Value of constrution work done Volume terms Trend estimates

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



MARCH KEY POINTS


VALUE OF CONSTRUCTION WORK DONE, VOLUME TERMS

TREND ESTIMATES

  • The trend estimate of building work done rose 2.6% in the March quarter 2004. The latest quarterly increase was due to continued growth in both residential building (up 2.8%) and non-residential building (up 1.9%).
  • Engineering work done rose by 2.8% in the latest quarter, the twelfth successive quarterly increase. Total construction rose by 2.9%.

SEASONALLY ADJUSTED ESTIMATES
  • The seasonally adjusted estimate of building work done fell by 0.5% in the March quarter to $11,940.6m, still the third highest level on record. Residential building rose marginally to $8,146.5m, with new residential work up 0.8% to $6,910.7m. Both series recorded their second highest levels on record. Non-residential building fell 1.9% to $3,794.1m, down from the high level recorded in the previous quarter.
  • Engineering work done rose 3.8%, to a record $6,736.0m. Work done for the private sector rose by 3.1% to a record $3,959.2m while work for the public sector rose 4.8%, to $2,776.8m.
  • Total construction work rose 1.0% to a record $18,676.6m.


NOTES

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 80% of the value of both building and engineering work done during the quarter. More comprehensive and updated results will be released in Building Activity, Australia (cat. no. 8752.0) on 20 July 2004 and in Engineering Construction Activity, Australia (cat. no. 8762.0) on 19 July 2004.



CHANGES IN THIS ISSUE

Two new tables (9 and 10) showing state and territory Construction Work Done in Chain Volume Measures have been added. The previous tables 9 and 10 have been re-numbered 11 and 12.


The state and territory graphs on page 4 are trend estimates of chain volume measures - the data is available in Table 9c of AusStats.


The Explanatory Notes have been revised by the inclusion of a separate Glossary of terms.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tony Bammann on Adelaide (08) 8237 7316.



SUMMARY COMMENTARY


CONSTRUCTION WORK DONE, CHAIN VOLUME MEASURES


TREND PERCENTAGE CHANGE

TOTAL CONSTRUCTION

Graph: Construction work done, chain volume measures, trend percentage change, total construction



The total value of construction work done has increased each quarter for the last three years, with the exception of the June quarter 2003.



ENGINEERING

Graph: Construction work done, chain volume measures, trend percentage change, Engineering



Engineering construction work done has increased for twelve successive quarters. While growth slowed markedly during the June quarter 2003, it has increased over the last three quarters.



BUILDING

Graph: Construction work done, chain volume measures, trend percentage change, total building



Total building work done has increased for the last three quarters, following a small decline in the June quarter 2003.



RESIDENTIAL

Graph: Construction work done, chain volume measures, trend percentage change, Residential building



Residential building work has increased for the last three quarters, following small declines in the first half of 2003.



NON-RESIDENTIAL

Graph: Construction work done, chain volume measures, trend percentage change, Non-residential building



Non-residential building work has increased for the last three quarters, following a small decline in the June quarter 2003.



CONSTRUCTION WORK DONE, STATES AND TERRITORIES


CHAIN VOLUME MEASURES - TREND ESTIMATES

New South Wales and Victoria

Graph: Construction work done, Chain volume measures, trend estimates, New South Wales and Victoria



Since early 2001, construction work done has risen strongly in New South Wales and Victoria. Growth in the engineering sector has been stronger than in building in both states for the last six quarters.


Queensland and Western Australia

Graph: Construction work done, Chain volume measures, trend estimates, Queensland and Western Australia



Construction work done has risen strongly in Queensland since early 2001, with growth in the last four quarters dominated by building work. In Western Australia, while both sectors were strong in 2002-03, total construction work has been flat for the last four quarters.


South Australia and Tasmania

Graph: Construction work done, Chain volume measures, trend estimates, South Australia and Tasmania



Following strong growth since early 2001, construction work done has fallen in South Australia over the last two quarters, due to declines in the engineering sector. In Tasmania, growth has been strong for the last four quarters in both sectors.


Northern Territory and Australian Capital Territory

Graph: Construction work done, Chain volume measures, trend estimates, Northern Territory and Australian Capital Territory



Construction work done in the Northern Territory has risen in the last two quarters with growth in both sectors. In the Australian Capital Territory, the fall over the last four quarters has been due to declines in both sectors.

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