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DECEMBER KEY FIGURES

		Dec qtr 04	Sep qtr 04 to Dec qtr 04	Dec qtr 03 to Dec qtr 04
		$m	% change	% change
TREND ESTIMATES VOLUME TERMS(a)
Value of work done
	For the private sector	3,878.4	0.7	0.7
	For the public sector(b)	3,068.6	0.1	12.2
	Total engineering construction	6,957.6	0.6	5.6
SEASONALLY ADJUSTED VOLUME TERMS(a)
Value of work done
	For the private sector	3,966.2	5.3	1.3
	For the public sector(b)	2,961.6	-7.8	8.7
	Total engineering construction	6,927.8	-0.7	4.3
(a) Chain volume measures, reference year 2002-03.
(b) Includes work done by the private sector for the public sector and work done by the public sector.

Value of work done, Total engineering - Volume terms

Value of work done, Volume terms - Trend estimates

DECEMBER KEY POINTS


VALUE OF CONSTRUCTION WORK DONE, VOLUME TERMS

Trend estimates

• The trend estimate for the value of total engineering construction work done rose 0.6% in the December 2004 quarter. This is the fifteenth consecutive quarterly rise.
• The trend estimate for the value of work done for the private sector rose 0.7% in the December 2004 quarter. Work done for the public sector rose 0.1% in the December quarter.

• The seasonally adjusted estimate for the value of total engineering construction work done in the December 2004 quarter fell 0.7%, to $6,927.8m after four quarters of growth.
• The seasonally adjusted estimate for the value of work done for the private sector rose 5.3%, to $3,966.2m, in the December 2004 quarter after two consecutive quarters of decline. The value of work done for the public sector fell 7.8% to $2,961.6m.

• The value of work done in the December 2004 quarter rose 4.2%, to $7,112.8m. This is the second highest level reported after the record high of $7,217.8m in June 2004.
• The value of work done for the private sector rose 5.9%, to $4,126.5m in the December quarter 2004. Work done for the public sector rose 2.0%, to $2,986.3m, following a 12.9% fall in the September 2004 quarter.

SIGNIFICANT REVISIONS THIS QUARTER

Compared with the current price original terms estimates published in the previous issue of this publication:

• The June quarter estimates have been revised downwards by $4.8m for work commenced, $7.4m for work done and have been revised upwards by $1.1m for work yet to be done.
• The September quarter estimates have been revised upwards by $66.6m for work commenced, $23.2m for work done and $2.8m for work yet to be done.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Andrew Stidston on Adelaide (08) 8237 7668.

SUMMARY COMMENTARY


VALUE OF WORK DONE, STATES AND TERRITORIES


CHAIN VOLUME MEASURES - TREND ESTIMATES

NEW SOUTH WALES

VICTORIA

QUEENSLAND

SOUTH AUSTRALIA

WESTERN AUSTRALIA

TASMANIA

NORTHERN TERRITORY

AUSTRALIAN CAPITAL TERRITORY