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2017.11.2119:46:00UTC+00Australia Construction Work Done Surges 15.7% In Q3

The value of total construction work in Australia done in the third quarter of 2017 jumped a seasonally adjusted 15.7 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Wednesday - coming in at A$61.863 billion.

The headline figure blew away forecasts for a decline of 2.3 percent following the 9.3 percent jump in the second quarter.

On a yearly basis, the value of total construction work skyrocketed 30.1 percent.

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