Construction work done up 1.8% in the March quarter
- expected +0.5%, prior -0.4%
- residential construction work fell 2%
The data will go into the GDP figures, to be published on Wednesday 07 June 2023 11:30am Sydney time (0130 GMT, 9.30pm US Eastern time). There are plenty more 'partial' inputs to the GDP still to come in the days ahead - capex etc.
Earlier re the AUD:
- Australian CPI for April 6.8% y/y (expected 6.4%)
- China Official May PMIs: Manufacturing 48.8 (expected 51.4) Services 54.5 (expected 54.9)
