8762.0 - Engineering Construction Activity, Australia, Dec 2018 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/03/2019
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DECEMBER KEY POINTS
VALUE OF WORK DONE, CHAIN VOLUME MEASURES
VALUE OF WORK COMMENCED, CURRENT PRICES
ABOUT THIS ISSUE
This publication updates the preliminary estimates released in Construction Work Done, Australia (cat. no. 8755.0) on 27 February 2019.
This release includes revisions to Engineering Construction data back to September 2018.
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.
Engineering construction activity is reported by sector of ownership with work classified according to whether it is being done for the private or public sector. Users should be aware that there are occasions where a project may change ownership during construction phase. On these occasions the engineering construction activity associated with such a project will move sector effective from the time of the ownership change.
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