Australia Construction Work Done

Australia Construction Work Done

From abs.gov.au

The trend estimate for total construction work done rose 0.8% in the September quarter 2013. The seasonally adjusted estimate for total construction work done rose 2.7%, to $53,426.6m in the September quarter. BUILDING WORK DONE The trend estimate for total building work done rose 0.6% in the September quarter. The trend estimate for non-residential building work done rose 1.5% in the September quarter. The seasonally adjusted estimate of total building work done rose 1.5%, to $20,959.3m in the September quarter. ENGINEERING WORK DONE The trend estimate for engineering work done rose 0.9% in the September quarter. ... (full story)

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Nov 26, 2013 8:58pm

Quoting rankinchopra

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I am positive for aud - the fundamentals are progressive.

Ignored

The fundamentals are good but the RBA are looking for profit on their currency reserves

However, there is no need to create policy on the run.... What these clowns don't realize is that sudden currency falls cause massive problems to the Australian economy because importers all of a sudden have to pay more for goods they've purchased a month or 2 ago and they often can't adjust their prices because in many cases the goods have already been sold.....

billv

Nov 27, 2013 2:53am

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Also, Australia imports a lot of its goods and a lower AUD means higher prices in the shops and higher inflation. Therefore, Mr Stevens be careful what you asked for because interest rates will have to go up.....