In Business

Australian Bureau Of Statistics

The Australia Bureau Of Statistics has released value of building work done statistics for March 2010.

MARCH KEY POINTS

Victor P Taffa

 

VALUE OF WORK DONE, CHAIN VOLUME MEASURES

TOTAL BUILDING

  • The trend estimate of the value of total building work done rose 4.1% in the March 2010 quarter.
  • The seasonally adjusted March quarter estimate of the value of total building work done rose 5.2%, to $20,055.3 m, following a rise of 4.7% in the December 2009 quarter.

NEW RESIDENTIAL

  • The trend estimate of the value of new residential building work done rose 0.7% in the latest quarter, with new houses rising 1.2% and new other residential building falling 0.4%. Alterations and additions to residential building rose 3.1%.
  • The seasonally adjusted estimate of the value of new residential building work done rose 1.6% to $9,116.4 m. Work done on new houses fell 0.4% to $6,309.3 m, while new other residential building rose 6.6% to $2,807.1 m. Alterations and additions rose 2.5% to $1,621.6 m.

NON-RESIDENTIAL

  • The trend estimate of the value of non-residential building work done rose 7.4% in the March quarter. However, the trend estimate of the value of non-residential building work done should be interpreted with caution. See data notes on page 2 of this publication.
  • The seasonally adjusted estimate of the value of non-residential building work done in the quarter rose 9.4%, following a 11.5% rise in the December quarter.
  • MARCH KEY FIGURES

Mar qtr 10

Dec qtr 09 to Mar qtr 10

Mar qtr 09 to Mar qtr 10

$m

% change

% change


TREND ESTIMATES(a)


Value of Work Done

19, 824.9

4.1

5.6

New residential building

9, 096.1

0.7

1.2

Alterations and additions to residential building

1, 618.2

3.1

1.2

Non-residential building

9, 074.1

7.4

10.9


SEASONALLY ADJUSTED ESTIMATES(a)


Value of Work Done

20, 055.3

5.2

6.1

New residential building

9, 116.4

1.6

3.0

Alterations and additions to residential building

1, 621.6

2.5

-1.1

Non-residential building

9, 317.4

9.4

10.8


(a) Chain volume measures, reference year 2007-08.
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