Arab Today, arab today australian construction activity remains soft
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Australian construction activity remains soft

Arab Today, arab today

Arab Today, arab today Australian construction activity remains soft

Sydney - XINHUA

The Australian housing construction sector is still weak in the December quarter 2013, according to data released Wednesday by the Australian Bureau of Statistics ( ABS). The ABS figures show the total value of construction work done in Australia fell 1 percent to 53.1 billion AU dollars (47.8 billion U.S. dollars) in the December quarter. The value of residential building work done was down 1.7 percent in the December quarter compared to the September quarter. National Australia Bank senior economist Spiros Papadopoulos said the figures show very little improvement in non-mining investment activity. "The RBA (Reserve Bank of Australia) had hoped that dwelling investment would be one of the brighter lights of investment growth this year but it's a very slow recovery," he told the Australian Associated Press (AAP). Total building work done in the December quarter, including homes and non-residential buildings like offices and shops, fell 1. 6 percent, the ABS said. The result is weaker than economists'expectations, indicating the Australian construction industry is still struggling to gain strength. "It shows us construction activity is still soft and we haven't yet seen any significant uplift despite major (cash rate) easing," investment banking firm JP Morgan economist Tom Kennedy said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian construction activity remains soft Arab Today, arab today australian construction activity remains soft

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian construction activity remains soft Arab Today, arab today australian construction activity remains soft

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday