Construction activity up in WA, QLD
The Age, May 30, 2007
A recent article in The Age noted that completed construction work in Australia has reached a rising record of 2.7 per cent to $27.2 billion in the March quarter, a strong growth from $26.519 billion in the December quarter, according to the Australian Bureau of Statistics. Western Australia and Queensland also strongly contributed to the statistic with strong levels of spending on infrastructure.
Furthermore, there was a rise in residential work, growing with a 3.4 per cent rise in the quarter including a 4.6 per cent gain in new residential work. According to Westpac senior economist Andrew Hanlan, the spending on infrastructure trend led by WA and QLD is likely to continue.
source: http://www.theage.com.au/news/Business/Construction-activity-up-in-WA-Qld/2007/05/30/1180205307054.html
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