Flash: Australia construction aids AUD – TDS

FXstreet.com (London) – A research team at TD Securities said Q3 construction work done rose +2.7%/qtr (mkt +0.5%) split between private work done +4.1%/qtr (after three consecutive declines) and public construction shrinking -2.7%/qtr.

Key Quote:

“The private sector quarterly increase in construction was the largest in 18 months and has boosted our Sept qtr GDP forecast from +0.5% to +0.7% (subject to tomorrow’s capex report and a litany of partials released next week such as inventories and net exports)”.
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