Construction work slumps as the residential sector reverses sharply

http://www.abc.net.au/news/2019-02-27/construction-work-done-q4-2018/10852610

Australia's construction sector has not only hit the brakes, it has moved sharply into reverse according to the latest data from the Australian Bureau of Statistics.

Key points:

• Construction work in New South Wales and Victoria has fallen for the first time in four years
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• Overall construction work last year down 2pc on 2017
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• The value of residential construction fell 3.1pc in Q4 against expectations of a rebound