Australia AUD

Australia Construction Work Done QoQ

Impact:
Medium

Latest Release:

Date:
Surprise:
-0.5%
| AUD
Actual:
0%
Forecast: 0.5%
Previous/Revision:
0.9%
Period: Q1

Next Release:

Date:
Forecast: 0.5%
Period: Q2
What Does It Measure?
Australia's Construction Work Done QoQ measures the total value of construction work completed over a quarter, reflecting the health of the construction sector within the economy. It primarily assesses residential, non-residential, and engineering construction activities and serves as a key indicator of economic growth, infrastructure development, and investment trends.
Frequency
This indicator is released quarterly and typically provides a preliminary estimate initially, followed by a final figure at a later date.
Why Do Traders Care?
Traders closely monitor Construction Work Done QoQ as it directly influences expectations for economic growth, allowing them to make informed decisions regarding investments in currencies, stocks, and commodities. Positive results often lead to bullish sentiment for the Australian dollar (AUD) and shares in construction-related sectors, while disappointing figures could signal bearish trends.
What Is It Derived From?
The Construction Work Done QoQ is calculated from surveys conducted with construction firms across Australia, which report on their completed work in various sectors. Data collection involves assessments of actual construction projects, encompassing both physical and financial completion alongside adjustments for seasonal variations.
Description
Preliminary reports of Construction Work Done are based on early estimates and are subject to revision, meaning they may change as more accurate data becomes available, while final reports provide a clearer and more definitive understanding of the construction activity within the quarter. The report encompasses data on a quarter-over-quarter (QoQ) basis, giving a medium-term perspective on construction activity trends.
Additional Notes
This indicator serves as a coincident economic measure, reflecting current economic conditions in the construction sector. It is often compared with other indicators such as GDP growth rates and employment figures to assess broader economic trends both domestically and internationally.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0%
0.5%
0.9%
-0.5%
0.5%
1%
2%
-0.5%
1.6%
0.3%
1.1%
1.3%
0.1%
0.7%
-2%
-0.6%
-2.9%
0.5%
1.8%
-3.4%
0.7%
0.8%
1.3%
-0.1%
1.3%
0.4%
0.4%
0.9%
0.4%
0.8%
3.8%
-0.4%
1.8%
0.9%
1%
0.9%
-0.4%
1.5%
2.2%
-1.9%
2.2%
1.5%
-3.8%
0.7%
-3.8%
0.9%
-0.3%
-4.7%
-0.9%
1%
0.6%
-1.9%
-0.4%
2.5%
-0.3%
-2.9%
-0.3%
-3.1%
0.8%
2.8%
0.8%
2.5%
2.4%
-1.7%
2.4%
2.2%
0.4%
0.2%
-0.9%
1%
-1.8%
-1.9%
-2.6%
-2%
0.5%
-0.6%
-0.7%
-5.8%
0.7%
5.1%
-1%
-1.5%
-2.9%
0.5%
-3%
-1%
0.4%
-2%
-0.4%
-1%
-2.8%
0.6%
-3.8%
-1%
-2.2%
-2.8%
-1.9%
0%
-2.1%
-1.9%
-3.1%
0.4%
-3.6%
-3.5%
-2.8%
1%
1.8%
-3.8%
1.6%
0.7%
2.4%
0.9%
0.2%
1.1%
-18.3%
-0.9%
-19.4%
-10.1%
16.6%
-9.3%
15.7%
-2.1%
9.3%
17.8%
9.3%
1%
0.9%
8.3%
-0.7%
-0.2%
0.6%
-0.5%
-0.2%
0.3%
-4.4%
-0.5%
-4.9%
-1.7%
-3.1%
-3.2%
-3.7%
-1.9%
-0.3%
-1.8%
-2.6%
-1.5%
-2.9%
-1.1%
-3.6%
-2%
-1.8%
-1.6%
-3.6%
-2.1%
2.1%
-1.5%
1.6%
-1.5%
-0.8%
3.1%
-2.4%
-1.5%
-0.6%
-0.9%