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1.Market Observations, 8.Was Sticky

27 Aug 2015 (AFR) – Construction falls at fastest pace in 13 years as mining work recedes

(27 August 2015, AFR, p45, by Michael Bleby )

‘Construction work done fell last financial year at its fastest rate in more than 13 years, as resources-dominated infrastructure investment took its biggest tumble to date. The $198 billion total work done in the year to June was down 6.2 per cent on the $211 billion figure of a year earlier. It was the biggest annual decline since the 9.5 per cent slump in the year to December 2001, Australian Bureau of Statistics figures showed.’

Read more at AFR.com (might need AFR login access)

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