Construction Work Done Q3 2015 in at -3.6% q/q, much lower than the consensus expectation and a slide from the previous quarter
- expected -2.0%, prior was +1.6%
- Housing +2.0%
- Commercial -1.9%
- Engineering -7.3%
more to come
AUD is barely moving on the poor data ... I explained why already earlier, here.
Still, I'd be surprised if this didn't weigh on the AUD at least somewhat in coming hours