+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.