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Building activity slides

by Staff Reporter6 minute read

Data released by the ABS on Friday revealed building activity fell in the December quarter by $16 billion, or 4.3 per cent, seasonally adjusted.

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The largest falls were recorded in the Northern Territory (-9.2 per cent), New South Wales (-6.8 per cent) and Western Australia (-5.6 per cent).

According to the Bureau, non-residential building activity suffered the greatest over the quarter, decreasing by seven per cent nationally to $6.5 billion, seasonally adjusted.

New residential building decreased by three per cent seasonally adjusted, while alterations and additions rose by 0.6 per cent.

Published: 21-04-08

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