Measures the value of all construction completed in Australia during the previous month. Officially referred to as Building Activity, this figure is used to track developments in the construction sector. Because the construction sector is a leading indicator of economic output and the rest of the housing market, a consistent decline in this number (particularly in conjunction with a decline in new building permits or housing financing) predicts a contraction in the economy as a whole. The headline number the percentage change in the value from the previous month.

Relevance : Rarely affects markets
Release Schedule : 1:30 (GMT); quarterly, data released three months after the reported quarter.
Source of Report : Australian Bureau of Statistics
Web Address : http://abs.gov.au/
Address of Release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/8752.0
AKA: Building Activity