MARCH KEY FIGURES

		Mar Qtr 19	Dec Qtr 18 to Mar Qtr 19	Mar Qtr 18 to Mar Qtr 19
		$m	% change	% change
TREND ESTIMATES(a)
Value of work done
	For the private sector	12 653.4	-3.2	-11.2
	For the public sector(b)	8 193.0	-5.9	-15.0
	Total engineering construction	20 805.5	-4.4	-12.9
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done
	For the private sector	12 538.9	-5.8	-11.9
	For the public sector(b)	8 172.9	-3.5	-15.7
	Total engineering construction	20 711.8	-4.9	-13.5
(a) Reference year for chain volume measures is 2016-17.
(b) Includes work done by the private sector for the public sector and work done by the public sector.

Value of work done, Chain volume measures

Value of work done, Chain volume measures - Trend estimates

MARCH KEY POINTS


VALUE OF WORK DONE, CHAIN VOLUME MEASURES

TOTAL

• The trend estimate for the value of total engineering construction work done fell 4.4% in the March 2019 quarter.
• The seasonally adjusted estimate for the value of total engineering construction work done fell 4.9% in the March quarter to $20,711.8m.

PRIVATE SECTOR

• The trend estimate for the value of work done for the private sector fell 3.2% in the March quarter.
• The seasonally adjusted estimate for the value of work done for the private sector fell 5.8% in the March quarter to $12,538.9m.

PUBLIC SECTOR

• The trend estimate for the value of work done for the public sector fell 5.9% in the March quarter.
• The seasonally adjusted estimate for the value of work done for the public sector fell 3.5% in the March quarter to $8,172.9m.

VALUE OF WORK COMMENCED, CURRENT PRICES

• The value of work commenced in the March quarter was $24,906.8m in original terms, an increase of 16.4% from the December quarter.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2019	25 September 2019
September 2019	15 January 2020

ABOUT THIS ISSUE

This publication updates the preliminary estimates released in Construction Work Done, Australia (cat. no. 8755.0) on 22 May 2019.


DATA NOTE

This release includes revisions to Engineering Construction data back to June 2017.

Several time series spreadsheets for recent quarters contain 'np' (not available for publication) annotations. This is due to confidential data being contained in these series.

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 22 to 24 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.


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