1360.0 - Measuring Australia's Economy, 2003  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/02/2003   
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The value of engineering construction work done in trend, chain volume terms gradually rose in the period 1993 to 1999, with a peak of $5,297m in September quarter 1999. From here there was a period of decline until a trough in March quarter 2001 ($4,419m). Since then there has been a period of steady growth. During the last 10 years the private sector has undertaken the greatest share of this activity.




ENGINEERING CONSTRUCTION ACTIVITY, VALUE OF WORK DONE, CHAIN VOLUME MEASURES
Period
Total private sector

$m
Total

$m
ANNUAL (ORIGINAL)
1993–94
8,095
14,352
1994–95
8,147
14,509
1995–96
8,047
14,599
1996–97
7,869
14,637
1997–98
7,752
14,692
1998–99
7,809
14,891
1999–2000
8,060
15,233
2000–01
8,466
15,660
2001–02
8,921
16,094
QUARTERLY (TREND)
2000 –2001
September
2,799
4,663
December
2,714
4,463
March
2,700
4,419
June
2,664
4,466
2001–2002
September
2,760
4,635
December
3,011
4,840
March
3,307
5,062
June
3,511
5,240

Source: Australian Economic Indicators (1350.0)





Explanatory Notes

Engineering construction is infrastructure construction, e.g. roads, bridges, railways, telecommunications, water and sewerage, electricity generation and distribution facilities.

The level of engineering construction gives an indication of the economy’s capability to grow and expand in the future. A modern economy needs a highly efficient infrastructure to ensure that the economy can operate to its capacity and continue to grow and that the needs of the population are adequately serviced.

A significant proportion of engineering construction is funded by government although much of the work is contracted out to private sector firms.

Engineering construction is a component of gross fixed capital formation in the national accounts, which forms part of the expenditure measure of gross domestic product (GDP) as well as being shown in the capital account.

Further Reading

Engineering Construction Activity, Australia (8762.0)
Provides value of engineering construction work done, value of commencements and value of work yet to be done classified by State or Territory, commodity (roads, bridges, pipelines, etc.), sector undertaking work, and sector for whom the work is done.



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