8755.0 - Construction Work Done, Australia, Preliminary, Dec 2015
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 24/02/2016
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DECEMBER 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 30 March 2016 and in Building Activity, Australia (cat. no. 8752.0) on 13 April 2016.
Chain volume estimates of engineering construction work done in the ACT have not been released for September and December 2015. The ABS produces chain volume estimates to best represent changes in the volume of activity, excluding the impact of price changes; however, the volatility of the current price series for engineering construction work done in the ACT prevent the reliable estimation of chain volume measures. For more information on chain volume measures, see paragraphs 27 to 31 of 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 the March Construction Work Done release each year, the ABS provides additional detail regarding the revisions that have been made to estimates of building and engineering construction activity prior to the previous quarter.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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