+17.1% m/m a big bounce back from the slump on the month in December and a huge beat on expected

  • Expected +5.0% m/m
  • prior -20.6%, revised from -20% m/m

+12.0% y/y .... and ditto .... huge beat

  • expected -0.6%
  • prior -5.0%, revised from 5-.5%

Dunno when the we can finally get rid of the idea that the Australian construction industry is slumping ..

  • It hasn't,
  • it isn't,
  • and for a good while to come it won't.