The typical/expected market impact of this event is low.
The consensus forecast for Construction Work Done is 0.5%. A higher value than forecast tends to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
The most recent announced value for Construction Work Done was 3.4% against a forecast of 0.9%.
Recent economic data has been moderately bearish for AUD. Other recent announcements which may affect the market's interpretation of the next Construction Work Done result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Composite PMI | Bearish change | 53.2 | 52.5 | ||
| S&P Global Manufacturing PMI | (no change) | 52 | 52 | ||
| S&P Global Services PMI | Bearish change | 53.6 | 52.9 | ||
| Employment Change s.a. | Bearish change | 80.2K | -15.8K | ||
| Full-Time Employment | Bearish change | 48.9K | 16.3K | ||
| Part-Time Employment | Bearish change | 31.4K | -32.2K | ||
| Participation Rate | Bearish change | 67% | 66.9% | ||
| Unemployment Rate s.a. | Bearish change | 4.4% | 4.5% | ||
| Consumer Inflation Expectations | Bullish change | 4.7% | 4.9% | ||
| Wage Price Index (QoQ) | (no change) | 0.8% | 0.8% | ||
| Westpac Consumer Confidence | Bullish change | 4.1% | 6% | ||
| RBA Interest Rate Decision | (no change) | 4.35% | 4.35% |
| Country: | Australia |
|---|---|
| Currency: | AUD |
| Source: | Australian Bureau of Statistics |
| Category: | Housing Market |
| Frequency: | Quarterly |
| Australia | Building Permits (MoM) | ||
| New Zealand | Building Permits s.a. (MoM) | ||
| United States | Pending Home Sales (MoM) | ||
| United States | Existing Home Sales Change (MoM) | ||
| United States | New Home Sales Change (MoM) | ||
| United States | Housing Starts (MoM) | ||
| United States | Building Permits (MoM) |